Dubai. A symbol of extreme wealth. Prudent fiscal policy & a low crime environment are to thank for driving a competitive business environment that fostered unrivalled prosperity. Using its oil reserves to guide its development has put Dubai and the UAE in a strong position as the world transitions towards renewable sources and away fromContinue reading “Dazzling Dubai”
Tag Archives: money
Failure of QE in 2008?
The Global Financial Crisis of 2008 birthed a wave of unorthodox expansionary monetary policy measures. Quantitative easing sought to lower bond yields, pushing financial institutions into riskier assets and thereby increasing aggregate demand; similarly incentivising banks to resume lending, shoring up their balance sheets as bond prices soared. The reality was more complex. Highly leveredContinue reading “Failure of QE in 2008?”
Roaring Twenties to Depressing ’30s
A common misconception is the attribution of the Great Depression to the failures of Capitalism. Excessive greed from Wall Street Capitalists, artificially inflating the NYSE through speculation, produced an economic calamity – a tale told by Socialists and misguided historians alike. While the Wall Street Crash of 1929 provoked an initial economic contraction, the declineContinue reading “Roaring Twenties to Depressing ’30s”
Friedman’s Fallacies
The most influential economist of the late 20th century, Milton Friedman, had a revolutionary effect on today’s world. The turn of 1980 marked a rebirth of economic liberalism and monetarism, a departure from the misguided stop-go monetary and Keynesian fiscal policies. The work of Friedman gave free market leaders in Reagan and Thatcher the frameworkContinue reading “Friedman’s Fallacies”
Free Marketeer 