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Opinion: - The Making of US Empire at the dawning of its end


By Pepe Escobar
January 22, 2021
Information
Clearing House -  As the
Exceptional Empire gets ready to brave a
destructive – and self-destructive – new cycle,
with dire, unforeseen consequences bound to
reverberate across the world, now more than ever
it is absolutely essential to go back to the
imperial roots.
The task is fully accomplished by
Tomorrow, the World: The Birth of U.S. Global
Supremacy , by Stephen Wertheim, Deputy
Director of Research and Policy at the Quincy
Institute for Responsible Statecraft and a
research scholar at the Saltzman Institute of
War and Peace Studies at Columbia University.
Here, in painstaking detail, we can find ....

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I'm from the government, I'm here to help - The case for more state spending on R&D | Briefing


I’m from the government, I’m here to help
The case for more state spending on R&D
It is a strong one
HERE IS nothing new about economists arguing for more government spending on research and development (
R&D). Theoretical work done by Kenneth Arrow in the 1960s convinced his colleagues that the private sector would not on its own provide the amount of innovation that economies need to maximise their growth. Empirically the coincidence, in the 1950s, of increased government
R&D spending and excellent rates of productivity and
GDP growth strengthened the case further.
Listen to this story ....

United States , United Kingdom , City Of , Jonathan Gruber , Robert Gordon , Donald Trump , Tyler Cowen , David Edgerton , Ashish Arora , Robert Solow , Joe Biden , Mikko Packalen , Kenneth Arrow , Jay Bhattacharya , Patrick Collison , Simon Johnson , Calvin Hansen , King College London , University Of Alabama , University Of Waterloo , America Department Of Defence , Nick Bloom Of Stanford University , George Mason University , America National Institutes Of Health , Journal Of The American Chemical Society , Northwestern University ,

After the Pandemic, a Pile of IOUs | Asharq AL-awsat


A
After the disease, the debt. After the plague, the pile of IOUs. It is a veritable mountain a reminder that the original public debt in medieval Venice went by the name monte. According to the International Monetary Fund’s October Fiscal Monitor, the Covid-19 pandemic and associated lockdowns have prompted a plethora of fiscal measures amounting to $11.7 trillion, around 12% of global GDP and that number has probably risen since it was calculated on Sept. 11. “In 2020,” according to the Fund, “government deficits are set to surge by an average of 9 percent of GDP, and global public debt is projected to approach 100 percent of GDP, a record high.” ....

United States , United Kingdom , John Cochrane , Laurence Kotlikoff , Bill Clinton , Lawrence Summers , Charles Goodhart , William Cobbett , Jason Furman , Mitch Mcconnell , Guo Shuqing , Ray Dalio , John Authers , Kamala Harris , Calvin Hansen , Paul Kennedy , China Banking Insurance Regulator Commission , London School Of Economics , International Settlements , International Monetary Fund October Fiscal , Hoover Institution , Congressional Budget Office , Bridgewater Associates , International Monetary Fund , October Fiscal Monitor , World War ,

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