politics

July 30, 2019

A New Beginning – Greece After the Elections

Unemployment peaked at 27.5%, more than 400,000 people emigrated in a single year, and the debt to GDP ratio reached 180%. The 2008 financial crisis hit Greece harder than every other European country, and the past 10 years have been a political and economic headache in the southern European country.
February 10, 2017

Inflation and the ECB: A Political Problem

Mario Draghi´s latest comments expressing his support for continuing the European Central Bank´s Quantitative Easing drew much controversy from northern Eurozone countries, especially Germany, which have been trying to end the asset purchasing program for months.
November 4, 2015

The Key Measure in the Greek Crisis Is Political Capital

The Greek crisis has cost taxpayers across Europe hundreds of billions of euros, compounded a huge recession which has plunged the country into vast unemployment and strangled the Greek private sector by burdening it with incredible amounts of taxation.
September 1, 2014

Advertising in a Free Society

In practice it is impossible to distinguish between advertising that is intended to be persuasive and advertising that is intended to be informative. Persuasive advertising normally has information content and even basic information provided by a company about its products will normally be intended to make consumers more interested in the product.
September 1, 2014

The New Equality: Global Development From Robin Hood to Botswana

In the mid-1700s Europe and North America broke with thousands of years of economic stagnation. When power was spread around in society, countries began to experience sustained growth. It was also the birth of global income inequality, which continued to grow for about two centuries.
June 1, 2014

The Green Bubble: How Good Intentions Led to Giddy Speculation

We need clean energy if we are to meet the world’s growing energy needs while avoiding an environmental disaster. But a large part of the subsidies go to projects that will never be profitable.