Why did Venezuela's economy collapse? What happens to the aggregate price level and aggregate output from an increase in imports? Scenario - The US economy is currently experiencing a recession. You have Fiscal and Monetary policy How has COVID-19 affected the global economy?
The other error that could end this dark era for Venezuela is if Maduro dared to arrest Guaidó. If this happened, the people would stage a rebellion to defend their leader. The United States would then have reason to do to him what it did to Gen. Manuel Noriega in 1990: stage a mili...
Historically, economies have taken many years to collapse; I show a range of 20 to 50 years in Figure 1. We really don’t know if collapse would take that long now. Today, we are dependent on an international financial system, an international trade system, electricity, and the availability...
Though known for his heavy and conscious raps, Common is actually a great showman. He works hard to please and entertain his audience (unlike 50 Cent, who just stands around trying to look cool). When Common gets onstage, it's Show Time! The performance he gave five years ago at the ...
It was not the rule, but it was common as a part of the tradition. Yes, we did had homes and pension centers for old folks where the state takes care of them, but it was kinda shameful to leave your elders there. I am pointing out this as an explanation why when the collapse happ...
Saudi Arabia would also cut and get Kuwait and the Emirates at least to cut with it. Russia said, “No,” so Saudi Arabia said, “Fine, maybe you will change your mind in six months.” I think that Russia and maybe Iran, Venezuela, Nigeria and Angola will...
Take a look at the insanity of Venezuela and Zimbabwe… Argentina… Red China… The term is: stuck on stupid. America — the Fed is composed of the same kind of people: vain, clueless, humans. They’d rather go on than be ‘wrong.’ The famous Weimar hyperinflation only...
Coronavirus now means social distancing at the time when our most basic human need—touch—is fraught with danger.