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Mercantilism


Modern Monetary Theory (MMT) tells us that governments should finance public spending by creating money. To avoid inflation, MMT supporters say, the government should use taxes to siphon off excess purchasing power, which would allow the public sector to significantly expand its operations, thereby eliminating the scourge of underemployment. In an era of skyrocketing national …

I now reside in my country of ancestry and nationality, but not by birth, having lived decades in 10 other countries, worked in 15, on four continents. So I share some of your views (“The mythmaking of nations”, Life & Arts, FT Weekend, May 8) Since the repeal of the corn laws and the end …

The White House’s decision to waive sanctions against the owner of the controversial Nord Stream 2 pipeline and the senior executives of this company have raised strong bipartisan disapproval in Congress and the concerns of Central and Eastern European allies about the United States’ commitment to energy security in the region. President BidenJoe BidenPutin backs …

This week, the Wall Street Journal reported that three researchers from the Chinese Institute of Virology in Wuhan were hospitalized in November 2019 with “Symptoms compatible with both Covid-19 and a common seasonal illness.” This report followed a series of investigative articles by journalists such as Nicholas Wade and Donald McNeil, formerly of the New …

Author: Ka Zeng, University of Arkansas Over the past two decades, multinational corporations have invested heavily in China to reduce production costs and capitalize on the rapidly growing domestic market. In the process, they have turned the country into the world’s factory and a global supply chain hub. But the ongoing US-China trade war and …

This week, the Wall Street Journal reported that three researchers from the Chinese Institute of Virology in Wuhan were hospitalized in November 2019 with “symptoms consistent with both Covid-19 and common seasonal illness.” This report followed a series of investigative articles by journalists such as Nicholas Wade and Donald McNeil, formerly of the New York …

This week, the Wall Street Journal reported that three researchers from the Chinese Institute of Virology in Wuhan were hospitalized in November 2019 with “symptoms consistent with both Covid-19 and common seasonal illness.” This report followed a series of investigative articles by journalists such as Nicholas Wade and Donald McNeil, formerly of the New York …

Xi Jinping can certainly bring down the house. In front of a worshiping crowd at the Boao Forum for Asia – the Chinese version of Davos – Xi sketch a new world order without a single dominant power, but centered around the United Nations and other multilateral institutions. While Washington grapples with upholding “rules-based order,” …

The Federal Trade Commission (FTC) recently released a blog titled “Striving for Truth, Justice and Fairness in Your Business’s Use of AI” this should serve as a shot at the large number of companies regulated by the FTC. Signing a stronger regulatory stance on deployed algorithms, the FTC highlights some of the issues with AI …

Text size The Marco Polo arrives under the Verrazzano-Narrows Bridge and in New York Harbor on May 20, 2021. Spencer Platt / Getty Images Apparently, economists love Scrabble. Throughout the pandemic, they have described the path of the US economy with letters. If drawn on a graph, an L-shape indicates free-falling growth. The V shape? …