Globalism Failed to Deliver the Economy We Need
There is so much general confusion, if not outright dread, about the state of the global economy. The war in Ukraine, gyrating gas prices, skyrocketing mortgage rates, the continued fallout of the Covid-19 pandemic and the looming prospect of a recession — all of these factors seem to be coalescing into chaos.
The fear is real. But the chaos is transitory, as it is largely driven by the tumult that attends any transition from an old economic order to a new one. Every economy goes through cycles of expansion and contraction, but the most important indicator within these cycles has less to do with market prices or unemployment rates and more to do with underlying political philosophy.… Seguir leyendo »
