money

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.

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