Both the US and Dutch economic models are those of mixed capitalist economies where the means of production are largely in the hands of private parties and where governments also play an important role by regulating markets, providing essential social services, and re-distributing wealth via taxes. Beyond that, these two... [Read More]

Inequality is one of the most important topics in economics today. So, I have to say that I, as a Dutch economist who works for a South African University, I was absolutely shocked when I saw this video from Economics Explained (also known as EE) which had the following to... [Read More]

Up to 2019 it was circulating happily in the Lebanese economy. Sure, Lebanon was consistently importing far more than it was exporting, and as a consequence, money was consistently flowing out of the country. But, luckily, Lebanon had a massive banking sector that was able to attract money far and... [Read More]

The economy of Japan while its economic might is still widely respected…. These days, the western world largely fears the rise of another Asian giant… But, as it so happens, in 1989, the year that I was born, the world was simultaneously fearful and in awe of the rise of... [Read More]

The Danish Krone is not just the main currency of Denmark. It is also the main currency of Greenland and the Faroe islands. The Krone is issued by the central bank of Denmark (Danmarks Nationalbank). Now, the central bank of Denmark is rather unique among central banks because, rather than... [Read More]