Keyword: California

Shaky Union (5/12/2010)

Even though members of the European Union have no control over their domestic monetary policies, their undisciplined domestic fiscal policies can still wreak great havoc for the financial health of the Union.

Keywords: balanced budget, budget deficit, California, debt, debt/GDP ratio, depreciation, EU, euro crisis, European Union, exchange rate, fiscal policy, Germany, Greece, monetary policy

Windfall Profit (9/7/2005)

Unexpected market gain resulting from uncontrolled circumstances might serve as incentives to correctly allocate scarce resources.

Keywords: aluminum, California, contract, electricity, Kaiser Aluminum, opportunity cost, property rights, water, windfall profit