The time has come again when Congress pretends to walk off the fiscal cliff in exchange for some political concessions. As the US federal government passed its 31.4 trillion USD debt ceiling and the Treasury began invoking extraordinary measures to avoid defaulting on Treasury security debt, X-date approaches ever quicker.

Although such spending and the “revenge tourism” social media trend seem to reflect a thriving industry, the reality is quite different. High inflation and the climate crisis will obstruct growth, preventing returns to pre-pandemic levels.

Deforestation and forest degradation, their effects on climate change, international agreements, the growth of illegal extractive industries, and the dangers presented to indigenous people are among the many and varied environmental and social issues connected to the road construction of isolated and remote Amazonian regions.

To avoid having to impose a higher payroll tax on their working force, governments all over the world are racking their brains to be able to find policies that could save them from a pension fund black hole.

When Schumpeter first put forth his theory for capitalism’s transition to socialism in the midst of the Second World War, he believed the process was already well underway. Close to a century later, most would agree he  thought wrong.

While protectionism for today’s America is most likely not the proper path for social development, it had its non-negligible benefits for the creation and maintenance of various industries when the country had not already fully developed, industrially and technologically.

Not only was welcoming the euro a good move for Croatia, but it will be good for the euro as well. The latter will now have an additional 4 million users, which will strengthen the currency and bolster the Eurozone in international markets.