There is a revival in the study of the transatlantic slave trade. Several studies pinpoint the slave trade as the genesis of defects in African societies. Continuing in the intellectual tradition of Walter Rodney, these later works posit that the transatlantic slave trade underdeveloped Africa.

Ask the average person what they believe to be the most economically important innovation of the twentieth century, and they’ll probably point to the internet. The internet has certainly disproved Paul Krugman’s prediction that it would have no greater impact on the economy than the fax machine, but even this transformative technology may only warrant a silver medal when compared to something much more banal: the intermodal shipping container.

The Federal Reserve is shrinking its balance sheet, albeit at a snail’s pace. Let’s see how they’ve done compared to last month. Per latest data release:

In the previous articles I touched upon the question about subject of global American hegemony and its consequences for freedom. Now let’s look at the problem from another perspective. In the 1980s, Poland viewed the United States as a country capable of defeating the “Evil Empire” (USSR) and thus sowing throughout the Soviet bloc ideas of freedom that were so close to societies tormented by the yoke of communism.