China’s Africa

by Serban V.C. Enache

The violence and propaganda of the 20th century left us with a certain way of looking at things. That world affairs orbit around superpowers in their quest for dominance over various parts of the globe. Spheres of influence are carved out by tanks and guns, economic sanctions, coups – but also through diplomacy, material and financial aid, and cultural exports. Continue reading “China’s Africa”

Milton Friedman, the Liar

by Serban V.C. Enache

Milton Friedman, a great American economist. He received the 1976 Nobel Memorial Prize in Economic Sciences. The father of the Monetarist current. Avid supporter of the so-called Free Market. His work influenced policy makers far and wide. Milton Friedman, a gentleman, a liar… Continue reading “Milton Friedman, the Liar”

Funding Schemes for Local Authorities and Regional Governments

by Serban V.C. Enache

Observation: many of the following proposals, if not all, require medium to long term economic planning and are incompatible with the laissez-faire approach. In order to appease capitalist libertarians, I will begin the article by quoting Carl Menger, the founder of the Austrian School of Economics in his lectures to Crown Prince Rudolf of Austria. Continue reading “Funding Schemes for Local Authorities and Regional Governments”

Brazil – Beneath the Mist of Corrupt Politics

by Diego Ramiro Lattes

Foreword

The current political-economic situation in Brazil is very tense. I aim to be impartial to the best of my ability. However, objective data on the subject is hard to obtain, not only due to manipulation by all factions involved in the present crisis – but also due to how veiled Brazilian politics tend to be. Continue reading “Brazil – Beneath the Mist of Corrupt Politics”

Does Stimulus Spending Work?

The Case against Ricardian Equivalence

by Joe Blackwell

Today the use of fiscal policy (expanding government spending or reducing taxes) to stimulate GDP growth in times of recession has become one of the most controversial policy areas of modern macroeconomics. For those who favour free market based solutions, commonly known as neoliberals, interventionist fiscal policy is inherently wasteful and distorts the processes of the market system. On the other side of the debate are the various groups of Keynesians who see fiscal policy as a crucial stabilisation tool to prevent the economy entering a deep and prolonged recession. Continue reading “Does Stimulus Spending Work?”