New Bulgariaanalytica Series on Islam, Sharia and Islamism This is the first of a series of articles to be published in bulgariaanalytica.org that will attempt to throw light on the connection between Islam, sharia and radical Islam, which is still not well understood. To Erdogan. other Islamists and quite a few people on the other side, there is only one kind of Islam and to try to distinguish between the various types that have existed historically and continue to do so today, is, at best, a waste of time. This is completely wrong. To have a chance to overcome the curse that is Islamism for our civilization and for the Muslims themselves, we need to be able to understand what makes them tick. This is a small attempt
The article first published in americanthinker.com on 06/05/2017. At the time Italy joined the European Monetary Union (EMU) in 1999 on its way to full-fledged membership in the eurozone in January 2002, economists debated whether this never-tried-before experiment will succeed or not. One of the most compelling debates at the time was between two giants of monetary thought, Robert Mundell and Milton Friedman. Mundell, who is occasionally referred to as the ‘father of the euro’, for having laid out the theoretical foundations of a common currency, was optimistic, Friedman, the opposite. Friedman is now dead while Mundell is 85, but the events in Italy may be bringing us closer to a resolution of the argument. So it is worth remembering the key points made by the two luminaries. Mundell, of course, pointed out the
On April 9, 2018 president Trump will have a new national security adviser named John Bolton. While he is fairly well-known in America, he remains largely unknown outside of it, but this will change quickly. The reason for this is his staunch conservatism that has already driven the traditionally left-wing, American foreign-policy establishment apoplectic since Trump’s announcement of his appointment and he has already been called everything from ‘war monger’ to ‘dangerous’ on the pages of the New York Times and elsewhere. His main sin seems to be his preference for straight talk and unapologetic defense of American national interests, as well as his dismissal of Obama’s policies as “weak and feckless.” Apart from that, he is taken to task by the establishment’s bien pensants for calling the
– What is fundamentally new with the new round of US sanctions – scope or impact? How far are secondary sanctions likely to reach given the less than warm welcome for US sanctions in parts of the EU? – Politically and psychologically the most fundamental is Section 242 – personal sanctions against top Russian political/business figures. As for secondary sanctions European companies will be bound to take them into account, otherwise they will be automatically punished financially by losing their contracts. – We understand apart from Russian companies and individuals, there are Ukrainian and Polish companies? How likely is that more CEE partners of Russian companies could join the list notably if they continue business as usual with Russian state companies? What will be the effect on Nord
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In 1974, economist Arthur Laffer in making the argument for cutting taxes to top Ford Administration officials (Dick Chaney and Donald Rumsfeld) drew on a restaurant napkin a curve showing that at low rates of taxation the government could receive greater revenues, while at higher rates it received progressively less going to zero at a 100% tax rate. This then became famous as the basis of President Ronald Reagan’s tax cuts when he slashed taxes from a top marginal rate of 70% to 28%. True to the Laffer Curve, government revenues increased from $517 billion in 1980 to $909 billion in 1988, even though the population had grown by only 10%. Laffer also popularized what became known as ‘dynamic’ scoring, which took into account changes in taxpayer and business
The article first published in americanthinker.com on 12/24/2017. With just a few days left in 2017, President Trump has signed the tax legislation that marks his first major legislative victory since becoming president. It is undoubtedly his biggest achievement to date, but by no means the only one. After two consecutive quarters of over 3% GDP growth, the New York Fed is now predicting a fourth quarter rate of 4%. It is worth remembering here that no less an authority than the Congressional Budget Office (CBO) predicted economic growth of 2.2% in 2017, 2% in 2018 and 1.5% thereafter. Democratic pundits have, of course, long ridiculed as utterly impossible Trump’s election promises of 3% growth. Add to this the lowest unemployment rate (4.1%) in 17 years, 1.7 million new jobs, 12