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Economy

Argentinian Government Proposes Price Controls

Controlling the price of over 1000 household consumer goods will inevitably result in shortages and black markets.

Dear readers,

A few days ago, the government of Argentina declared its plan to impose price controls on more than 1,000 household consumer goods, from dairy and frozen foods to school supplies and household items.

Lebanon: on the brink of collapse

Lebanon is on the verge of total collapse. A modernization of its political institutions cannot be postponed.

Dear readers,

As many of you know, my paternal family is of Lebanese origin. My grandparents, Antoniette and Georges Jraissati, were born in a town outside Beirut called Zahlé, of no more than 150,000 people.

Federal Reserve is concerned with U.S. inflation rate.

“Chairman Powell is right; the Fed has to be cautious with the country’s inflation rate. High levels of inflation would harm middle-class Americans the most, which is the reason the Fed should have this under control.”

This week, the Labor Department said that the U.S. consumer-price index had increased by 5.4 percent from June 2020 to June 2021, the highest 12-month rate since August 2018. 

The Mental Toll of the Pandemic

For over a year, no topic has been more analyzed and discussed than the COVID-19 crisis, both by academics and scientists as well as by people in their day-to-day lives.
In each of these conversations about the pandemic, there is one topic that stands out above the rest: how deadly this new virus really is – as all of us have a family member, friend, or acquaintance who has been a victim of this tragic disease.

The COVID-19 Crisis and the Consumer Price Index in Spain

In this week’s column, Jorge Jraissati studies the relationship between the COVID-19 crisis and the consumer price index in Spain. Jorge has been hearing anecdotes about price increases in Spain, which contradicts the macroeconomic indicators of the country.

Venezuela will Deepen its Implicit Dollarization in 2021

In the middle of the biggest economic collapse of any nation in modern times, Venezuela is experiencing a fundamental, and perhaps irreversible, change within its economic system. Since 2019, Venezuela has been driving full throttle towards an economic phenomenon, which I refer to as implicit dollarization.

A Note on Development

The main constraint for growth in Venezuela is not related to market failures nor any purely economic issue, but to the political institutions of the country. As a result, Venezuela exemplifies that the economic issues of most nations are a result of their bad governance.

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