Virus of the Mind: Critical Theory + Postmodernism
On this episode of Liberty Curious, Kate Wand invites Bruce Pardy to discuss the origins of the Woke virus of the mind: critical theory, social justice, postmodernism and critical race theory. You can get the audio version on Apple Podcasts or Amazon, and all our podcasts at aier.org/podcasts. Or start with this sharable excerpt on […]
The Bank of Japan jolts global markets
On July 28th the Bank of Japan (boj) took markets by surprise. At the end of a two-day policy meeting Ueda Kazuo, the central bank’s governor, announced an unexpected change to its increasingly expensive policy of yield-curve control. The boj raised its cap on ten-year government-bond yields, which it defends with regular and sometimes vast […]
Trying to Make Heads or Tails about Recessions
QUESTION: Looking at Socrates, do you think that these people who were constantly calling for a recession because there were two quarters that declined with covid really need revision? Socrates was correct, no recession. But it is showing major turning points in 2024 which seem to align with your old ECM forecast calling for […]
Dictatorship: A Matter of Incentives
Former president Donald Trump wrote about his possible indictment related to his trying to stay in power after he lost the 2020 election: “An Indictment of me would only further destroy our Country.” A critical observer (perhaps under the influence of Public Choice analysis) may reflect that the word capitalized should have been “me” instead of […]
raises rates by 25 basis points
The European Central Bank announced a new rate decision Thursday. Daniel Roland | AFP | Getty Images The European Central Bank on Thursday announced a new rate increase of a quarter percentage point, bringing its main rate to 3.75%. The latest move completes a full year of consecutive rate hikes in the euro zone, after […]
Time to retire the ‘emerging markets’ label
Humans have an innate desire to sort and categorise the world around them. The economist Antoine van Agtmael is no exception. In 1981 at the World Bank, he coined the phrase “emerging markets” as a more aspirational alternative to the term “third world”. The label has since become synonymous with a hotchpotch of fast-growing nations […]
