Economics

Economic Myths #15 – Unemployment

12.09.2018

One of the key indicators of the economic “performance” of any given country is its rate of unemployment. Low rates of unemployment are understood as a sign of prosperity while high rates are taken as a sign of recession and stagnation.

Erdogan and his son-in-law want to collapse the dollar

05.09.2018

Tensions in US-Turkish relations are growing in proportion to the decline of the lira. The political and economic pressure of Washington caused a 40 percent drop in the Turkish currency against the dollar.

Merkel denied Trump and supported Putin

06.09.2018

German Chancellor Angela Merkel for the first time, albeit in very cautious terms, supported Russian policy in Syria's relations, specifically - the participation of Russian and Syrian armed forces in cleansing terrorists from the last stronghold

Economic Myths #12 – The Deflation Danger

22.08.2018

Politicians and mainstream economists are persistent in their warning of the so-called “deflation danger” – the idea that falling prices are calamitous for economic progress and that a perpetual, ceaseless price inflation is needed in order to bri

The Cult of "Geniuses"

15.08.2018

In the world of "economic science" some "gods" appeared, which can be worshiped, but with whom one can not argue, who can not even be suspected of any mistakes and errors.