Trump’s Art of the Deal – Trade Wars

Tariffs are a means to an end

by Serban V.C. Enache

China vowed to counter Trump’s announcement of 200 billion dollars worth of tariffs on Chinese exports to the US. If the US loses less than China, that’s called “winning” in Trump’s view. I have written in the past about protectionism, the Historical School, and the role tariffs played as a policy instrument for the development of manufacturers and overall industrialization. However, I always stressed that context is the ultimate factor in decision making. There is no policy to be followed religiously irrespective of circumstance. Continue reading “Trump’s Art of the Deal – Trade Wars”

Toward a One Korea

The basic steps of reunification

by Serban V.C. Enache

The following article is fairly subjective. Feel free to disagree and criticize.

Necessary context. The Korean peninsula is a buffer zone between China and the United States. While it may come as a shock to most, political elites in North Korea had to manoeuvre both diplomatically and militarily to secure independence, or something akin to sovereignty, from both Washington and Beijing. For the North, self-preservation in this new epoch dictates capital changes to traditional policy. Ditto for the South, who profits in no way from further conflict escalation. Continue reading “Toward a One Korea”

Neoclassical Economics and Domain Assumptions

How the learned practice sophistry

by Joe Blackwell

A recent paper authored by two mainstream neoclassical economists [1], Salomon Faure and Hans Gersbach, has caused quite a stir amongst prominent heterodox economists such as Steve Keen and Richard Murphy. The paper seeks to compare and contrast two opposing models of commercial bank lending behaviour (endogenous money model and loanable funds model). Continue reading “Neoclassical Economics and Domain Assumptions”

IMF deal is bad for Argentina, not good

Mainstream & Zerohedge got it wrong

by Diego Ramiro Lattes

This is a reply to Tyler Durden’s ZeroHedge article regarding Argentina and the latest IMF loan given to the country. In the aforementioned article some incorrect assumptions are made about Argentina, particularly in regards to the country’s future and the international economy. I intend to dispel these erroneous views. Hopefully, when the facts change, Durden will change his mind… Continue reading “IMF deal is bad for Argentina, not good”

Jordan Peterson & Bret Weinstein: UBI, Rent-Seeking, and Inequality

A Great Joe Rogan Podcast excerpt

by Serban V.C. Enache

Jordan Peterson comments about Inequality and Universal Basic Income. He admits that too much inequality destabilizes the system and should be combated and even admits that a Universal Basic Income would be a good solution in this regard, albeit he loathes the policy itself. Continue reading “Jordan Peterson & Bret Weinstein: UBI, Rent-Seeking, and Inequality”