I’m not a macroeconomics person.
Socialism is… not only a way of life, but a certain scientific approach to social and economic problems.
The reason we should do a carbon tax is because it’s the right thing to do. It’s economics 101, elementary stuff.
In 1988, when democracy was restored, the military establishment was still very powerful. The extremist groups were still there. And when the aid and assistance to Pakistan was cut, we had to adopt harsh economic policies. So in a way, it showed that democracy doesn’t pay, and the military was able to reassert itself.
There was endless controversy as to whether the acts of the New Deal did actually move recovery or retard it, and nothing final could ever come of that bitter debate because it is forever impossible to prove what might have happened in place of what did.
The corn law was intended to keep wheat at the price of 80s. the quarter; it is now under 40s. the quarter.
We have had a great depression in agriculture, caused mainly by several seasons of bad harvests, and some of our traders have suffered much from a too rapid extension in prosperous years.
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