Why Europeans Lost Trust in the ECB

by David Herok and Andreas Hoffmann* Since the financial crisis, trust in the European Central Bank (ECB) has declined substantially among Europeans. We argue that the decline in trust is worrisome and can be both a cause and a consequence of the ECB’s policy failure. All modern monetary systems are based on trust. Since central … Continue reading Why Europeans Lost Trust in the ECB

Commodity Politics

Chidem Kurdas President Obama’s choice to head the Commodity Futures Trading Commission, Gary Gensler, reassured members of Congress that he is committed to fighting speculation.  Thus continues the political game that started in early 2008 when oil prices climbed to $148 a barrel. Pundits and politicians blamed financial speculators. The price of oil collapsed in … Continue reading Commodity Politics