Environmentalists have long been pushing for a transition from fossil fuels to clean and renewable energies. Elon Musk, CEO of Tesla and SpaceX, has said that people are running “the dumbest experiment in history” by continuing to burn oil, coal and gas. He argues that even if we find new ways to extract oil in tar sands or in the ocean, fossil fuel must come to an end either when they have... Read More
Welcome back to my blog! This year, as in last, I will be covering economic debate on Capitol Hill.
Since all the pundits are now talking about ISIS, the radical Islamist group surging through Iraq and Syria (or Ebola), I wanted to share an interesting anti-interventionist argument based on Austrian Economics. John Tamny, Read More
The term “Latin America” is broadly used to refer to countries south of United States. However, there are meaningful differences among these countries that are at varying stages of economic, industrial, political and institutional development. The region has come a long way from the days of military dictatorships. Nowadays, with the exception of Cuba, elections are in every ca... Read More
The currency market has many players and it is considered one of the most efficient markets in the world. When the value of a country’s currency decreases unexpectedly, the production sector of the economy has to endure higher prices of imported inputs and higher costs of production. While many companies in developed countries use the hedging instruments available in the marke... Read More
John Kerry has made his rounds on the Sunday morning talk shows to discuss the much-anticipated interim deal struck between Iran and the P5+1. The atmosphere, reflected by the questions he faced, is full of both anxiety and excitement. The back-and-forth was largely focused on how the deal affects U.S. national security interests. This is not the proper forum to discuss the merits... Read More