Explore popular quotes and sayings by an American economist John H. Makin.
Last updated on December 25, 2024.
John Holmes Makin was an American economist and resident scholar at the American Enterprise Institute. He was a consultant to the U.S. Treasury Department, the Congressional Budget Office, the International Monetary Fund, and the Bank of Japan. He specialized in international finance and financial markets, with special emphasis on both Japanese and European economies. Makin reported on the U.S. economy, writing on topics related to monetary policy, tax and budget issues, in monthly essays entitled "Economic Outlook," for the American Enterprise Institute (AEI). He was a principal at Caxton Associates from 1995โ2010 before returning to AEI.
The Death of Money is an engrossing account of the massive stresses accumulating in the global financial system, especially since the 2008 financial crisis. Jim Rickards is a natural teacher. Any serious student of financial crises and their root causes needs to read this book.
The fact that global savers accommodate U.S. consumers by keeping U.S. interest rates lower than they otherwise would be and the dollar stronger than it otherwise would be is simply a manifestation of America's comparative advantage at supplying wealth storage facilities.