Trump Was Wrong: Sweden Did It Right
Norberg also assesses loss of learning for Swedish school kids versus children in other countries: no learning loss versus huge learning losses in the United States and other countries. Also, the economy did better than the economies of other countries, according to OECD data. Norberg writes: The world economy was 2.9 percent smaller after 2021 […]
Italy’s tax on bank profit continues to prove controversial
European bank shares dropped significantly in August after a surprise announcement from the Italian government for a new tax. Stefano Montesi – Corbis | Corbis News | Getty Images Italy’s shock tax on banks continues to prove controversial, even as the government insists it can improve it. Europe’s main bank stock index fell almost 3% […]
Chinese lenders extend billions of dollars to Russian banks after western sanctions
Chinese lenders stepped in to extend billions of dollars to Russian banks as western institutions pulled back their operations in the country during the first year of Moscow’s invasion of Ukraine. The moves by four of China’s biggest banks are part of Beijing’s efforts to promote the renminbi as an alternative global currency to the […]
Populism v Democracy
COMMENT: You are just a Trump supporter. Nothing else. anonymous https://www.armstrongeconomics.com/wp-content/uploads/2021/01/FT-Populism.mp4 REPLY: I feel sorry for you. You cannot obviously question whatever the government tells you. You are the prime example of what Stanley Milgram uncovered – Obedience to Authority. I hope you have no family. Under your guidance, you have condemned their […]
