In the wake of the most severe recession since the 2008 financial crisis, even historically low interest rates and Biden’s unprecedented government expenditures might not be enough to protect the US economy from total collapse—at least not in the long term. With the unemployment rate finally recovering from historic highs and GDP growth back on […]
Tag: Debt Crisis
Fix Medicare-for-Some Before Creating Medicare-for-All
In 2016, Bernie Sanders challenged Hillary Clinton in the Democratic primary with a long-shot bid from the far-left flank. Now, many of his ideas that were once considered radical are becoming mainstream, with 70 percent of Democratic presidential candidates supporting his Medicare-for-all platform. In this year’s primary, the near total proliferation of public healthcare platforms […]
False Promises: Why Warren’s Healthcare Plan Would Create More Problems Than Solutions
The Democratic Party’s cry to battle these days seems to be Medicare for All. What was once deemed an extreme and far-left-of-mainstream idea from Bernie Sanders during the 2016 primary has turned into the centerpiece of many Democrats’ campaigns. Even the “moderates” of the race such as Biden and Buttigeig are promising plans such as […]
The World’s Largest Security State Has Created its Own Security Problem
Violence In Western China The capital of the Chinese province of Xinjiang, Urumqi, looks like many Chinese cities. The horizon is full of construction machinery creating new factories, high-rises, and office buildings. More striking is that the streets of the developed sector are largely populated with ethnic Han Chinese. The Chinese government has incentivized Han Chinese to move […]
We Need to Talk About Sovereign Debt
Christine Lagarde, Managing Director of the International Monetary Fund, a key figure in sovereign debt restructuring. Featured image source: World Economic Forum. A brief summary of sovereign debt crises. Sovereign debt crises occur regularly and often violently. Take the example of the latest prominent debt crisis in Greece. Major markets in the US and in Europe were […]