Recent Posts

UAE fast turning into world’s innovation capital

  The UAE is right on track to become world’s innovation capital. Its comprehensive and visionary policies are creating a conducive climate for innovation and innovators to thrive. As laid down in the National Innovation Strategy, innovation is being encouraged in key sectors like renewable energy, transport, education, health, technology, water and space. The second Innovation Week — which kicked ...

Read More »

Even Donald Trump believes that Keynes got it right

  What does the election of Donald Trump mean for macroeconomics? Above all else, it means that the half-century-long challenge to Keynesian ideas is over. The insurgents lost. First, some background. During the Great Depression, John Maynard Keynes suggested that government spending would boost the economy, by increasing aggregate demand. In a recession, there are unused resources — empty offices, ...

Read More »

A last chance for fixing roads, refinancing debt

  There are times when a confluence of events creates a rare opportunity. The U.S. now is at one of those the moments. To wit: As of January, a single party will control the executive and legislative branches of government; Campaign promises were made by the president-elect to upgrade infrastructure; The U.S. federal debt is almost $20 trillion; The U.S. ...

Read More »
Send this to a friend