Pedro Nicolaci da Costa — There’s a reason poor countries feel they've lost control of their economies

The increasing integration of global markets and economies, in addition to new technologies that help accelerate the transmission of financial shocks from one region to another, is making it trickier for so-called emerging countries to manage their banking systems.

A surge in dollar-denominated bonds in developing economies, and their dependence of the vagaries of the richest nations, leave policymakers in areas like Latin America, Africa and Asia in difficult, if not entirely untenable positions, according to the International Monetary Fund’s latest report on global financial stability. Currency markets are particularly vulnerable and volatile....

Business Insider
There’s a reason poor countries feel they've lost control of their economies
Pedro Nicolaci da Costa

Izabella Kaminska — Savers are not sacred cows

I am so bored of the “government is stealing from us by debasing the currency” argument. 

I understand why some people are predisposed to this way of thinking. It relates to society’s general predisposition to treating savings and savers as sacred relics.

You worked for these savings, thus you and your savings must always be protected.

What people forget is that everything is relative.

Toward a leisure society

Savers are not sacred cows
Izabella Kaminska