Economics

Saudis Claim Russia's Stake on World Oil Market

09.10.2018

Crown Prince Mohammed bin Salman made a statement that Russia will completely lose its position in the world oil market in 19 years, its share will be replaced by Saudi Arabia.

On Money, Power and Taxation

28.09.2018

Power and money, money and power,
Which is stronger, money or power?
Money can give you a lifetime of honey,
But power allows you to steal others’ money.

Economic Myths #15 – Unemployment

12.09.2018

One of the key indicators of the economic “performance” of any given country is its rate of unemployment. Low rates of unemployment are understood as a sign of prosperity while high rates are taken as a sign of recession and stagnation.