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Chile: how free trade debilitated a nation

“…when anyone has attained the summit of greatness, he kicks away the ladder by which he has climbed up, in order to deprive others of the means of climbing up after him”. In this insightful article, David explores just how the United States kicked away the ladder to Chile’s prosperity.

The embargo has gotta go

For decades, the Cuban economy has been constrained under strict communist rule. Eddie Go makes an economic case for re-establishing trade and other economic relations between the U.S. and Cuba in light of Obama’s historic visit to the island.

Simple gifts: celibacy and communism

Elijah Lim reflects on the story of American Shakerism: though celibacy and communism were the two cornerstones upon which the Shaker communes were founded, they were what eventually led to their decline.

City upon a Hill

The year was 1630. A fleet of ships carrying about 900 Puritans from England sailed across the Atlantic.[1] In every sense, it was a journey away from the Old World to the New. Aboard the flagship, the Arbella, leading Puritan John Winthrop delivered a lay

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Still uncharted territory – post-crisis central banking

With Janet Yellen firmly in the reigns of the world’s largest central bank, many are looking to the legacy left by her predecessor Ben Bernanke. Love or loathe him, Bernanke undoubtedly pioneered a new style of central banking based on large scale direct market intervention, mainly through policies such as quantitative easing. With the policy now being scaled down, it is useful to ask whether QE and more broadly whether the Federal Reserve has been successful in supporting the US recovery.

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The US government shutdown – any end in sight?

What a joke.

Really, there isn’t anything else that can be said about the latest fiscal crisis in the United States. With the federal government shutting down most operations on the 1st of October, as the House of Representatives (controlled by the Republicans) and the Senate (controlled by the Democrats) couldn’t agree on a Continuing Resolution for the 2014 fiscal year.

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Bank of Japan’s monetary policy: Japan and Australia

Last year on December 26th, Shinzo Abe assumed office as Japan’s current Prime Minister and immediately began fulfilling his electoral campaign promises of bringing sweeping economic reform and output growth to the world’s third largest economy. After suffering decades of lacklustre output and many failed attempts to induce growth, Abe’s policies, both currently implemented and in the pipeline, are the biggest things to hit Japan since Godzilla itself.

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