Tagged: Christine Lagarde

Photo: Three Lions / Getty Images

Inflation: when the money dies

  Consider country X as a fictional country. The economy of this country has all the characteristics of a normal economy: Markets trade goods, individuals take part in financial affairs and institutions regulate the process of business in different sectors. Two decades ago in this country people used to buy chocolate for 2$ apiece. These days, however, people pay $3.5 for a bar of chocolate. This increase in price makes people to either pay more for the same amount of quantity that they used to buy, or to buy fewer amounts with the same amount of money. To explain this,...

Before the opening on January 22, 2018

Davos 2018: In Pictures

  The annual WEF summit in Davos offers the best networking opportunity for the billionaires, financial men, influential political leaders, celebrities and their entourages. This year Davos experienced the heaviest snowfall since its initial meeting back in 1971. The theme for 2018 meeting was “Creating a Shared Future in a Fractured World”.     This year the event included more than 400 technical sessions, of which 160 were available live on the WEF’s website.     Narendra Modi, prime minister of India, referred to the three biggest challenges facing human civilization: climate change, terrorism and the backlash against globalization. Donald...