Economists have long considered free trade as mutually beneficial for all countries involved. With this said, during the 2016 US Presidential Campaign, free trade received criticism from the Republican nominee Donald Trump, who touted the decline in manufacturing jobs in the midwestern states as a consequence of trade liberalisation. The US has had a tradeContinue reading “Do trade deficits matter?”
Author Archives: Jamie Dean
Low Interest rates and inflation
Most economists consider interest rates and inflation to be inversely proportional. When real interest rates are low, periods of high inflation should occur and vice-versa. With this said, inflation in the UK has averaged a meagre 2% between 2010-19, whilst interest rates have stood at record lows. This pales in comparison with the 1990s, whichContinue reading “Low Interest rates and inflation”
The Economic legacy of Brown’s government
From the moment Tony Blair was elected in 1997, it seemed inevitable that Gordon Brown would become Prime Minister. He took over from Blair in 2007 after the latter announced that he would resign his post within a year, during a conference in September 2006. This was due to internal pressure within the Labour Party,Continue reading “The Economic legacy of Brown’s government”
Economic cost of the War in Afghanistan
The War in Afghanistan officially started in late 2001, following the horrific events of 9/11. The Bush Administration initially demanded that the Taliban release Al Qaeda leader Osama Bin Laden, who orchestrated the infamous attacks on American soil. However, following the Taliban’s refusal to extradite him, the US government launched the invasion of Afghanistan toContinue reading “Economic cost of the War in Afghanistan”
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