Money Movements across the Globe – Causes and Consequences
Seminar"/>

Money Movements across the Globe – Causes and Consequences
Seminar

Money Movements across the Globe – Causes and Consequences

Since 1945 trade and investment between nations has expanded rapidly. Yet despite the high quality of its workforce, vast amounts of natural resources, and tremendous amounts of physical capital, the United States persistently buys more from other countries than it sells to them. Politicians periodically accuse other nations of manipulating exchange rates to favor their exports, while ignoring (or pretending to ignore) the fact that the value of the US Dollar, once convertible into gold, has eroded over time.

In this class Allen Smith charts the growth of global trade, explains its accounting, and studies the money flows between nations. Allen analyzes the structural changes that took place in the US monetary system and the impact of the purchasing power of the US Dollar on the US trade deficit.

We kindly ask students to do some research and come prepared to discuss these topics:

  • January 29: The Foreign Exchange Market—What are consequences of floating exchange rates?
  • February 5: Do Trade Deficits Matter?
  • February 12: US Dollar as World Reserve Currency—For how much longer? What are consequences if this changes?

Note: This seminar is open to all, but priority will be given to students who have taken the course on Money and Banking.

Related upcoming events

  • 2024-04-24 6:30 pm - 2024-04-24 8:00 pm

    IS IT LAWFUL TO PAY TAXES TO CAESAR? HOW TO END THE US FISCAL IMPASSE?


    In his two most recent HGSSS talks, Dr. Perry described current Federal Reserve policies as unprecedented but apparently required by competing political dynamics which make it impossible for Congress either to raise taxes or to cut spending. This latest talk presents a deep analysis of the theories, the history, and the politics of Federal taxation and spending, and offers specifics for the implementation of a Georgist alternative to resolve the current fiscal impasse.

    The instructor, Dr. W. E. Perry, has long been engaged in developing the tools of semantic analysis to help better understand determinism, causality, and the emergence of new properties from a variety of data sources.

    Instructor: Dr. W. E. Perry

    Date: Wed, April 24, 2024
    Time: 6:30 PM — 8:00 PM ET

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of the session.