Economy
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Orban: Ukraine Is Our Enemy
Hungary’s Viktor Orban declared that anyone attempting to dismantle his nation’s energy supply is an “enemy.” “Anyone who says this is an enemy of Hungary, so Ukraine is our enemy,” he said. Furthermore, Orban believes it is not in his nation’s best interest to permit Ukraine to join the European Union. “Hungarians should not want military or economic cooperation with…
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Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending
Every state with rampant social programs also has prevalent fraud. California has become an utter drain on the federal tax system. CMS Administrator Dr. Mehmet Oz revealed that California, Los Angeles County in particular, now accounts for 18% of all US Medicare home health and hospice billing to the tune of $3.5 billion annually. That equated to 2.5% of the…
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Russia’s Existence Will Always Threaten European Neocons
Ukraine’s President Volodymyr Zelensky, Lithuania’s President Gitanas Nauseda, and Poland’s President Karol Nawrocki met to commemorate the 1863 January Uprising against Russian rule. Even though 163 years have passed, politicians still believe that Russia is an enemy that could attempt to conquer their land at a moment’s notice. The Europeans simply cannot help themselves. They NEVER learn from history, and…
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mainly macro: A Post Neoliberal Consensus
. Dani Rodrik recently wrote an article entitled “The Post-Neoliberal Consensus is here”. He argues that it comprises three elements: the concentration of economic power has become excessive restoring dignity to people and regions that neoliberalism left behind, which in particular involves providing good jobs The government has an active role to play in intervening in the market economy…
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What kind of crisis would a bursting AI bubble become?
In this post I’m not going to speculate about whether the current boom in AI infrastructure (mainly data centres, mainly in the US) is a bubble or not, but rather ask what would happen if it was and, as bubbles do, it burst. [1] What kind of impact might this have on the world economy? There are three main…
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Venezuelans Rejoice – Socialism Failed Yet Again
Thousands of Venezuelans go out in La Vega, a popular area of Caracas to celebrate the fall of Nicolás Maduro and the victory of Edmundo González. The eyes of the world are on Venezuela. ?? pic.twitter.com/3uMAND74TT — MJTruthUltra (@MJTruthUltra) July 29, 2024 The people of Venezuela are celebrating Maduro’s departure. Those who have lived under socialism understand the depths of…
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United We Stand – 2.5 Million Readers – 232 Countries
As we close out 2025, I want to personally thank the more than 2.5 million readers from around the world who visited ArmstrongEconomics.com this year. Your willingness to question official narratives, examine history, and think independently is what keeps this site alive and relevant. Our content is based on following the data, the cycles, and the models wherever they lead,…
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Understanding the rise of the populist far right
This is a follow-up to last week’s post. Occasionally I receive comments on social media that point me to academic analysis that I wasn’t aware of, particularly on an issue that is not macroeconomics. Last week was one of these occasions (thanks to @yusufimaadkhan.com), and it allows me to expand on what I wrote to give it wider scope.…
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Labour, a supply side explanation for the rise of populism, and the growing acceptability of xenophobic discourse in the UK
I never cease to be amazed at how bad Labour politicians are at politics. It may seem arrogant for an economist to say that, but it’s not just my view, but the view of so many of the political scientists or journalists that I follow. Take, for example, the recent fall in net migration numbers, from a high point…
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The Budget suggests the Chancellor is thinking too much about short term management and too little about long term legacy
My posts come out on a Tuesday and Budgets are on a Wednesday. Not great timing, which is why in the past I’ve often done special posts one or two days after the budget. But so much of last Wednesday’s budget had been pre-announced that it didn’t seem worth doing this last week. So the question is whether there…
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