For as long as it takes to ruin ourselves.


When it comes to economics, there are more schools of thought, that’s to say radically irreconcilable viewpoints, than there are in similar pseudo-scientific fields such as sociology or psychology. However, there are some guidelines that most practitioners accept. Any economy that has two successive quarters of zero or negative growth is either in a recession … Continue reading

How policies get dropped and positions reversed.


Political policy changes constantly in a democracy. It does so primarily in response to the changing concerns of its electorate, because by addressing these concerns, politicians hoping to gain office naturally expect to attract votes by catering to these concerns. When the economy is prosperous and the employment rate is high, the electorate’s concerns tend … Continue reading