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The Panama papers are all about the 'Resource Curse'

The Panama papers are all about the 'Resource Curse'

Today's Spain's Minister of Industry, Energy and Tourism José Manuel Soria has stepped down "after his conflicting explanations inflamed a scandal over links to an offshore company listed in the Panama leaks." (quoted from Bloomberg)

Are we about to get a new ”euro spasm”?
Iceland's political meltdown
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:

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