Turkey’s economic malaise

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”

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”

The Economic legacy of the Bush administration

An underrated President by many, George W Bush took office in 2001 amid a recession due to the collapse of the tech bubble that began in the 1990s. Bush’s first election was of particular controversy, due to the close margin of victory in Florida that pushed him just over the 270 electoral votes that wereContinue reading “The Economic legacy of the Bush administration”

An energy crisis in Europe

Surging gas and electricity prices have hit much of Europe, including the UK. Since July 2020, gas prices have soared due to supply shocks, rendering a Winter energy crisis imminent. Such inflation in the energy sector greatly threatens the post-pandemic recovery, as consumers are faced with reduced disposable income. As a result, it is unsurprisingContinue reading “An energy crisis in Europe”