The UK and recently also Germany have decided to introduce windfall taxes to offset part of the pain caused by the elevated energy prices with economical support financed with an extra tax on the tremendous profits energy producers currently are generating. However, from an anti-fragility perspective this decision is more controversial than it looks.
As GDP growth turned negative in Q1 2022 to a lower than expected -1.40% quarter-over-quarter, the FED should be increasingly worried for a period of prolonged stagflation with all its consequences.
The EU’s push for the transition to a green circular economy is coming at a cost for the weakest in society. Too optimistic prospects of renewable energy sources combined with higher energy demand have led to exponentially rising energy prices that will hit low income groups the hardest.
Dan Mitchell analyzes whether Joe Biden’s increased childcare spending makes sense from an economic perspective.
In their most recent report the Eurofound, the EU Agency for the improvement of living and working conditions, show that young people are disproportionately hit due to aggressive lockdowns around Europe. In this article The Golden Investor discusses the different living conditions for youngsters in Italy compared to those living in frugal Northern European nations.
Dan Mitchell dives into an OECD study on different type of taxes.
One of the biggest challenges of the 21st century will be curbing the unsustainable cycles of over-consumption. Changing this human habit, which is entangled in our everyday lives, has to be done using an interdisciplinary approach. The REDD+ programme of the United Nations can be viewed as such an approach, but more knowledge spillovers should be encouraged.
Affordability was the political and economic issue of 2019. The riots and uprisings in Hong Kong, Chile, France and other countries have been at least partly driven by the fear among many that a middle-class lifestyle is moving out of reach. In Canada, the recent federal election saw all major parties focusing on the issue, with the Conservative Party even highlighting it in their slogan “It’s time for you to get ahead.” While we all can agree that there is a crisis of affordability, where is it centered and what are its causes?
In this article The Golden Investor tries to explain the problems with the current monetary system and what could be possible solutions for this broken system. The rise of precious metals and cryptocurrencies is symptom of this failing financial system.
The vast increase in government spending in response to the COVID-19 pandemic has caused many people to question their understanding of money. With any luck, such questioning will lead to a better understanding of money’s proper function and its potential for abuse.
The trend of using letters in the analysis of the corona economy continues, this time The Golden Investor discusses the K-shaped recovery and how it affects all us.
This week’s guest writer Jeroen van Alst writes about the importance of institutionalism and how it affects our economic behaviour, mainly through geography and culture.
In this guest article Omar AbouZeid discusses the blind search for high yield by firms claiming to invest ethically. In reality many of those firms invest in perverse high yielding investments in countries which lack environmental, social and healthy governmental structures and policies.
In this article Koen Smeets Outreach Coordinator of Rethinking Economics NL provides his personal view on neoliberalism and its legitimacy. In a theoretical, yet easy to understand piece, he discusses all important characteristics of neoliberalism and their implications.
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