Ukraine should have been a middle-income country by now. Instead, it is one of the poorest in Europe. If Ukraine joined the EU, it would be the poorest country and well below even Bulgaria.
No matter the historical era, governments have excelled at one thing: debasing their own currency. Rome was no exception, as Roman government excesses required inflation—lots of inflation.
A central bank whose policies accommodate irresponsible deficit spending by the federal government is a menace to society, unleashing uncontrollable forces.
Even as the USA seeks to expand NATO while it escalates tensions with Russia, the organization is facing internal pressures as some member nations do not agree with Washington's saber-rattling agenda.
It is one thing to follow the law for prudential reasons and another thing entirely to assume the law brings with it some sort of moral imperative. Laws rarely do.
The Nazi economy reduces entrepreneurs to the status of shop managers. The government tells them what and how to produce, at what prices and from whom to buy. Private property is de facto gone.
Under PM Mario Draghi, the Italian government has issued new edicts designed to make life even more difficult for anyone who doesn't comply with every aspect of the state's covid regime.
