SALZBURG In 2009, while the world economy was still reeling from the global financial crisis, Nobel laureate economist Robert Lucas observed that “everyone is a Keynesian in the foxhole”. The implication was that, when an economy is faced with a severe economic shock, conventional fiscal policy norms must take a backseat to stabilization.
LONDON Nigel Farage, the former leader of the UK Independence Party (UKIP) and the driving force behind the campaign for the United Kingdom’s exit from the European Union, recently caused an uproar when he revealed that his bank accounts were closed two months earlier, allegedly because of his political views.
LONDON Nigel Farage, the former leader of the UK Independence Party (UKIP) and the driving force behind the campaign for the United Kingdom’s exit from the European Union, recently caused an uproar when he revealed that his bank accounts were closed two months earlier, allegedly because of his political views.