economic crisis

In nearly 4,000 words, the left-wing magazine Politico attempted to push the old media mantra that Colorado Springs epitomizes the failures of right-wing politics and running the state like a business. The article, “The Short, Miserable Life of a Libertarian Paradise,” examines the city’s resilience during the Great …

Rachel Cunliffe Businesses in Venezuela have a problem. In fact, almost everyone in Venezuela has multiple problems. Starvation, for example. Shortages of basic goods. Understaffed, understaffed hospitals and a lack of medicine. A corrupt and increasingly militarized government determined to protect the current president, Nicolas Maduro, at all costs. But businesses, especially factories, are …

Last week, Finance&Development (F&D), a magazine published by the International Monetary Fund, became a favorite reading for leftists around the world. Trying to ignore what was happening in Venezuela, the fans of the planned economy began to spread the F&D article, bearing the very significant title “Neoliberalism: Overrated?”[1], rubbing their hands in satisfaction that you see …

Argentina is definitely a country with a number of instructive examples in its history, reminiscent of the well-known expression “don’t try this at home.” Its economic past hides a whole series of harmful and destructive policies - state regulations and price controls, nationalization, accumulating budget deficits and defaulting on the country’s foreign debt…

In recent months, the state of the Chinese economy has been one of the most discussed topics in the business media. The bursting of the Chinese stock market bubble was one of the most discussed news stories this year, along with the decision of the Chinese central bank to cut interest rates to record lows. It seems that the Chinese economy …

Almost six years after the bankruptcy of Lehman Brothers, which officially marked the beginning of the latest global financial crisis and the subsequent Great Recession, almost all international institutions of the rank of the International Monetary Fund (IMF) continue to strongly advise governments around the world to use various forms of fiscal and …

As Ben Bernanke's term as Federal Reserve Chairman nears its end, the question of what the central bank's future policy will be is becoming increasingly pressing. Will Janet Yellen, President Obama's nominee to replace Bernanke, continue the Fed's current loose monetary policy, or can we expect a gradual withdrawal...

On January 23, Portugal’s finance ministry successfully placed five-year bonds, something the institution had not done since 2011, when the country lost confidence in international debt markets. Following the success of this operation, politicians in the country and Eurocrats in Brussels began to praise the efforts made by …