Macroeconomics

The last two weeks have been peppered with some significant developments.

Politically, one has to be concerned about the instabilities in many western countries. The UK the prime minister has had to announce his resignation and, last week, the prime minister of Italy was also forced to resign and dissolve the government. While these may all be democratic rules of the game, one has to lament that political instability is really simply the worst option at times such as these. Unfortunately, many local political forces see the citizens’ insecurity and difficulties as an opportunity to push their own interests.

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