While the levels of schadenfreude will be going through the roof given the unfolding farce in British politics, the resignation of Liz Truss as UK Prime Minister was troubling in one vital respect. True, her juvenile salad understanding of economics, which involved spending billions on tax cuts and energy subsidies, […]
Tag: financial crisis
Over three decades, the value of energy China extracts from its domestic oil, gas and coal supplies has plummeted by half. China’s economic slowdown could be a key trigger of the coming global financial crisis, but one of its core drivers — China’s dwindling supplies of cheap domestic energy — is little understood by mainstream economists.