Tag / Economics
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Is It Really About Economics? The EU and Freedom of Movement
Any political debate in modern Britain is inevitably turning into a litany of issues caused by immigration. This year’s race to Labour Party leadership, following Ed Miliband’s resignation after he lost the general election last May, was no exception. From the four candidates, hundreds of thousands of Labour’s members and supporters could hear about problems…
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Another Europe
The 2008 financial crisis threw European economies into turmoil and caused state debt to rise precipitously. The bureaucracy of the European Union in Brussels concluded that righting economic imbalances required indebted governments to implement harsh “austerity” policies. European states needing financial support or debt relief from the rest of the Eurozone were thus ordered to…
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Icarus: Plight of the Bitcoin Investor
BY ARI MOSES One Saturday afternoon in 2009, a group of tech-savvy friends and colleagues were talking about how they could revolutionize the technology world. After much debate, they finally decided on creating a crypto currency with layered encryption, untraceable e-addresses, and open sources, all the while being unregulated by any monetary regulatory institution. It…
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Why We Need the Trade Promotion Authority Now
BY JARED TURKUS The economy is finally recovering from the Great Recession. The deficit is falling at the fastest rate since WWII: it stands at $645 billion, down from $1.4 trillion in 2010. The unemployment rate was 10 percent in October 2009; as of December 2013 it has fallen to 6.7 percent. GDP grew 3.2…
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The Dismal Science
BY NAHUEL FEFER In 1931, John Maynard Keynes observed that, “If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.” If anything, however, the public’s regard for economics has fallen since the days of Keynes, and economists have no one to blame but…
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Shattering the Façade: The Burgeoning Oil Cities of the Middle East
To the casual onlooker, the new, exploding cities of the Middle East, such as Dubai, are 21st century marvels that defy the growth patterns of traditional Western cities. The sleek architecture coupled with the finest contemporary construction materials leave the impression that these new cities will eclipse New York and London as the financial hubs…
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Germany Stays Nuclear
The German government announced Monday that it will continue operating 17 nuclear power plants that were due to be shut down. In 2002, the Reichstag passed a law phasing out the use of nuclear plants by 2022 to clear the way for renewable energy technology. However, with nuclear power accounting for 22.6% of Germany’s net…
