At the time of the Brexit referendum in 2016, professional economists and academics, as summarized by the IMF, predicted that Brexit would cost the UK around 4% of GDP in the long term. It turned out this was an underestimate. New research from the highly respected National Bureau of Economic Research has found that the…
Why Peace Is Not on the Horizon Even though intensive diplomatic negotiations are underway, I don’t think the world is any closer to peace in Ukraine in any meaningful way. In my view, Russia’s imperial war can only end if Russia runs out of money to wage it. And although its funds have been rapidly…
Under the pretext of drug trafficking, Trump seized the world’s largest oil reserves over the weekend.**His concern for the interests of Venezuelan citizens extends only as far as ensuring safe extraction and export of oil by American companies. He will undoubtedly use the regime change to increase deportations of Venezuelan citizens from the U.S. back…
