Like all other places, Africa has a more nuanced history than what people previously have believed. The continent was not devoid of technology before the advent of colonialism, as there were pockets of inventiveness and small-scale manufacturing.
With inflation making workers poorer, and with midterm elections looming, Janet Yellen is doing damage control by arguing over the definition of "recession."
The myth that won't die is that Nazi Germany was a fully functioning free-market economy. In truth, it was effectively as socialist as its supposed rival, the USSR.
In 1991, Ukrainians held an election and voted for secession. Today we’re supposed to cheer that. But to suggest something similar for a region of the United States? Well, we’re told that’s just plain wrong.
Washington now claims to reject the idea of "spheres of influence" and pretends its own sphere of influence doesn't exist while demanding all nations fall within a US-dominated global order.
The Biden administration will use the SEC to squeeze oil and gas companies on "climate risk." As is typical for progressive schemes that drive up the cost of living, the working classes will suffer the most.
Let's stop pretending default is unprecedented. The US defaulted on debts in 1934 and again in 1979. Today it engages in de facto default through financial repression and monetary inflation.
Some fed officials simply shrugged off what was an obvious conflict of interest when they traded stocks and real estate holdings while making policy. The rules don't apply to central bankers.
