Since 2002, Turkey’s GDP growth relative to other developing and emerging economies has been slow. This is a sharp contrast to the previous economic growth and prosperity that Turkey enjoyed in previous decades. In more recent years, Turkey’s economic situation has only gotten worse, exemplified by the sharp decline in the value of the TurkishContinue reading “Turkey’s economic malaise”
Author Archives: Jamie Dean
Debunking Modern Monetary Theory
Modern Monetary Theory contends that governments can endlessly run budget deficits when the economy is not at full capacity. It comes from the belief that the state, the issuer of a sovereign currency, can never go bankrupt as it can print money. The theory also holds that taxation exists simply to prevent inflation and toContinue reading “Debunking Modern Monetary Theory”
China’s currency manipulation
Most economists agree that China is a currency manipulator. In August 2019, the Chinese joined the likes of Japan, South Korea and Germany on the illustrious list of nations for who the US have designated currency manipulators. This came after the Chinese Yuan sank to a ten-year low to the US dollar after the formerContinue reading “China’s currency manipulation”
Economics of immigration
Talk of immigration levels has been an ever-increasing feature of public discourse. In 2010, the newly-elected Conservative Party promised to cut immigration levels to the ‘tens of thousands.’ This promise was made largely due to the large increase in net migration that occurred during the previous decade, having risen from 50,000 to 250,000 between 1997Continue reading “Economics of immigration”
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