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Charade of the Debt Crisis

By: Steven Kim

...A common mistake in real and financial markets is a mix-up of means and ends. A showcase cropped up during the financial crisis of 2008 and its aftershock including the debt crisis in Southern Europe. In response to the fiasco, policymakers round the world wasted trillions of dollars...

...In any field of human enterprise, a solid grasp of means and ends is the first step toward fixing up a worthwhile scheme while cutting down waste and beefing up productivity. The next step is to thrash out a trenchant plan that exploits t...

...Summary Private Gain and Public Mulct The Currency is Not the Debt The Currency is Not the Economy Muddle of Economic and Financial Factors Boons of Currency Union Contagion of Debt Political Factors Inflation as a Cure for Political Bungling Private Windf...

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