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This is how pathetic Danish growth has been

This is how pathetic Danish growth has been

Take a look at the graph below. It is the level of real GDP in Denmark during the 1930s and over the past decade.

Overestimating risk makes us do stupid things

Overestimating risk makes us do stupid things

The horrible terror attacks in Belgium has further escalated the fears of terror in Europe and policy makers from all over the continent are calling for new measures to fight extremism and populist politicians have been fast to call for closing Europe’s borders. However, the clear risk is that the economic costs of such measures easily could be larger than what can be justified by the actual risks from terror.

Bob Lawson reminds us of the wisdom of Adam Smith

Bob Lawson reminds us of the wisdom of Adam Smith

I strongly believe in reason and sound economic analysis and strongly object to economic and social policies being based on "emotions" and the sentiment of the day.

The success of fiscal austerity in Iceland (and the failure of Danish exchange rate policy)

The success of fiscal austerity in Iceland (and the failure of Danish exchange rate policy)

In 2008 Iceland was hit by a massive banking crisis and the economy went into a tailspin. However, the Icelandic economy has since then recovered strongly and continues to grow robustly.

Joining the Advisory Board of the Maghreb Economic Forum
Egypt moves closer to a freely floating pound - good news

Egypt moves closer to a freely floating pound - good news

Yesterday we got the news that the Egyptian central bank had devalued the pound and announced that the country is moving closer to a freely floating exchange rate.

"Fed-engineered recession may speed dollar bloc’s collapse"

"Fed-engineered recession may speed dollar bloc’s collapse"

I am a regular contributor to Geopolitical Information Service (GIS). This is from my latest article at GIS:

US unemployment set to rise

US unemployment set to rise

Believe it or not – one of my favourite books on the Great Depression is not about monetary policy, but rather wage stickiness in the US labour market and failed labour market policies during the Roosevelt administration. The book is Richard Vedder and Lowell Gallaway’s “Out of Work: Unemployment and Government in Twentieth-Century America”.

The War on Drugs - An Economist's perspective

The War on Drugs - An Economist's perspective

The are few policies as damaging as the global War on Drugs.

Bernie Sanders, Denmark and me

Bernie Sanders, Denmark and me

Bernie Sanders has often praised Denmark and now CNN has visited Denmark to have a look at the country.

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