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Erdogan, Turkish lira

Under erratic Erdoğan, Turkish lira tanks, U.S. stock market follows

WASHINGTON. Back in the mid-19th century, the once-powerful Ottoman Empire tottered on the edge of economic ruin. John Russell, a two-time UK Prime Minister, termed that country a “sick man.” And that epithet stuck. With a little embellishment. Other political wits Christened the Empire “the sick man of Europe.” Today, under Turkey’s modern dictator, Recep Tayyip Erdoğan, ...

Economic Theory

UBS Nobel Laureates Global perspective on economic theory

What happens when you put a panel of four of the brightest minds in economics together for a two-hour intellectual discussion? They ultimately disagree. A panel of Nobel Prize-winning economist delivered their global perspective on economic theory

Cartoon by Branco satirizing Krugman and Democrat tax cut positions.

Delusional Paul Krugman ignores the effects of Trump tax cuts

WASHINGTON, October 29, 2017 – In a recent New York Times column, Nobel Prize-winning economist Paul Krugman said that President Trump’s proposed tax cut is “gift to rich foreigners.” Maybe Krugman doesn’t understand the effects that broad-based tax cuts have on the economy and on the middle class. Usually, if Krugman can be objective, he ...

In praise of post-Harvey price gouging

Harvey has created huge opportunities for profit, and profit attracts plumbers, carpenters and resources. How much profit is too much? How little is too little?

Bernie Sanders’ socialism: Is it really?

If we tax John to give to Mary without providing goods and services directly to Mary, we aren’t dealing with socialism, but with redistribution. If we take John’s business, that’s socialism.