North Ignores ‘Perfect Storm’ in Global South
Yves here. Jomo argues, even more pointedly than in past posts, that much of the Global South is at risk of a financial crisis worse than the one kicked off by the “Volcker Shock” of his late 1970s-early 1980s rate hikes. Not only are these economies being harmed by a continuing rollback of globalization and […]
Brexit has sliced 5% off UK economic growth, Goldman Sachs says
Pro-EU demonstrators protest outside Parliament against Brexit on the fourth anniversary of Britain’s official departure from the European Union in London, United Kingdom on January 31, 2024. Future Publishing | Getty Images LONDON — Post-Brexit Britain has “significantly underperformed” other advanced economies since the 2016 EU referendum, according to new analysis from Goldman Sachs, which […]
NJ’s Plastic Bag Ban Backfires Horribly
Thousands of plastic shopping bags, baled for disposal. There’s a famous scene in Seinfeld in which George passes on a TV pilot deal with NBC, only to later accept for less money than originally offered. “In other words, you held out for less money,” Jerry says after George tells him the deal. “You know the […]
Does America Need NATO? | Armstrong Economics
Former President Donald Trump has recently reiterated his stance that the United States is unfairly carrying the financial burden of the NATO alliance. He has criticized other NATO members for not meeting their defense spending targets and believes that the US should not protect allies who fail to meet these targets. Trump threatened to withdraw […]
The Two Most Important Prices in the Argentine Economy
One of the wonders of human society is how the individuals of our species found a way to coordinate our actions to collaborate without anyone being in command. Sure, there are governments, but they earn their legitimacy to the extent that they protect individuals’ lives, limbs, and possessions from violence and fraud- not from telling […]
