Between Speeches and a Stalemate

In its second month now, the Russia-Ukraine war shows no signs of abating. In fact, it looks like it could drag on for months, if not years. It is already taking a huge toll on Ukrainian’s lives, their country, Europe and the global economy. I am not sure if the Western countries’ economic sanctions on… Continue reading Between Speeches and a Stalemate

Wartime Priorities for Governments the World Over

Perhaps, not since WWII and then the 1970s, has the world had to deal with the economic effects of a war such as the current one on in Ukraine against Russia. The 8-year war between Iran and Iraq in the 1980s, and later wars in the Islamic world too had their biggest impact on oil… Continue reading Wartime Priorities for Governments the World Over

State vs the Market in a Pandemic Economy

Big government is what The Economist told us to expect at the start of the Covid-19 pandemic in 2020. It anticipated greater government intervention, of course, as there should be in the case of a health emergency that Covid-19 has turned out to be. But it also anticipated government mandates, use of contact-tracing as a… Continue reading State vs the Market in a Pandemic Economy

China’s Debt Crisis Reflects Deep Problems Within

In this month’s Owleye column, only the second since I began writing it last month, I would like to focus on China and its huge debt crisis, which leads to several other problems within its economy. While the debt crisis in China isn’t new (the earliest news reports of its looming debt problem surfaced in… Continue reading China’s Debt Crisis Reflects Deep Problems Within