According to the National Bureau of Economic Research (NBER), the institution that dates the peaks and troughs of the business cycles:

A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP [gross domestic product], real income, employment, industrial production, and wholesale-retail sales. A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough.

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In recent years the concept of “alienation” and the arguments surrounding it have assumed an increasing importance as part of the case against an economic order based on private property in the means of production.1 As the more strictly economic criticisms of capitalism prove, to a greater or lesser degree, to be unfounded or inconcl

With Republicans and Democrats in Congress having openly expressed their united opposition to the Biden administration reentering the nuclear agreement with Iran (the JCPOA), it should come as no surprise that negotiations have gone nowhere.

The reason?

It’s closer to 2023, yet, we’re constantly reminded how the Fed has learned from the Volcker era, therefore knows how to steer the economy in the right direction. Nothing could be further from the truth.

The topic of secession has become more common in recent years as various regions and minority populations (e.g., California and Texas) have suggested breaking away from the United States. The idea is put forward with varying levels of seriousness, but the fact that talk of secession is increasingly open and regular suggests increasing strength for what the political scientists call “centrifugal” forces. That is, cultural and political trends increasingly point toward growing separation and away from increased union. 

(Endorsed by Godfrey Bloom, Alasdair Macleod, Simon Hunt, and Claudio Grass)