Age of Wisdom, Age of Foolishness (18)
Written by Adam Whitehead, KeySignals.com
The Elephant in the European Living Room
Last week the United Nations was the stage for numerous politically correct speeches, from urbane Western diplomats, ostracizing President Putin in an attempt to place him “beyond the Pale” of 21st Century civilised politics. President Putin’s actions were placed in a frame of the most egregious acts by dictators of the 20th Century. Secretary Kerry went even further back in time to use the anachronism of the 19th Century[i]. All this rhetoric and seizure of the moral high ground completely ignored the reality on the ground in Ukraine; which has been ossified in social, political and economic terms in the anachronism that Putin has been accused of misrepresenting. Ukraine is in fact literally “beyond the Pale”. Continue reading
Posted in Eurozone, Middle East, Russia
Tagged Adam Whitehead, China, Economy, GDP, inflation, iran, israel, KeySignals.com, recovery, ukraine
by Bryan Cheang, Mises.org
Herbert Spencer was born into a nineteenth-century world where the traditional logic of imperialism interacted with new developments like the Industrial Revolution, and new ideas like free trade and liberalism that emerged out of the Enlightenment of the previous century. The key to understanding Spencer’s importance is to realize that he was a radical proponent of laissez faire, individualism, natural rights, and capitalism.
by Timothy Taylor, Conversable Economist
With the Russian invasion of Ukraine and the prospect of a combustible great powers confrontation, the natural reaction of any economist is: “So what’s up with Ukraine’s economy, anyway?” Let other people look at maps; I look at economic statistics.