This article examines the respective risks of deflation and hyperinflation. Although at first glance these two seem to be at completely opposite ends of the monetary spectrum the article explains how looming disaster brings them both within one false step of economic management, and further explains how central bankers are eventually forced into taking that step.
]]>This short article addresses the difficulty of doing the right thing when a financial crisis arrives. It examines the emotions and the behaviour of investors presented with chaotic market circumstances and explains both (i) why almost everyone loses and (ii) what it is that the survivors have in common.
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