On May 8, US leader Donald Trump announced that the US economy was “transitioning to greatness”. According to the President, the Unites States is at the start of this process. His statement about “transitioning to greatness” must have been referring to a recent study, conducted by Americans for Tax Fairness and the Institute for Policy…
‘’The years since the 1970s are unprecedented in terms of their volatility in the price of commodities, currencies, real estate, and stocks. There have been 4 waves of financial crises: a large number of banks in three, four or more countries collapsed at about the same time. Each wave was followed by a recession, and…
In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists, and will persist. (President Dwight D. Eisenhower, January 17, 1961) *** The World is being misled concerning the causes and consequences of the corona…
Economics doesn’t explain everything. Heartbreakingly high rates of incarceration, illegitimacy, disease and poverty among black Americans are tinder waiting for a spark like the death of Minneapolis resident George Floyd in police custody. “What the great French sociologist Emil Durkheim called “anomic suicide” is the Great Plague of our times. Self-destructive behavior in the form…
“… and when we look back on this in two years time, from the ruins of our economy and the ruins of our liberty, we will want to see some kind of justice, that the people who made this decision should pay a penalty for what they’ve done.” – Peter Hitchens Economic activity across the…
The unprecedented scale of the Coronavirus pandemic; the sudden fall in oil prices, caused by Riyadh’s incompetent policies, and the looming economic crisis have all resulted in enormous losses for Saudi Arabia’s economy, and dealt a severe blow to its state budget. These developments have also prompted the rest of the world to lose confidence…
