Article
Japan's Keynesian Mirage: How Debt, Inflation, & A Collapsing Yen Expose A Failed Model
Japan's Keynesian Mirage: How Debt, Inflation, & A Collapsing Yen Expose A Failed Model
Authored by Daniel Lacalle,
Japan’s yen crisis exposes the long‑running failure of the Keynesian strategy that has dominated the country’s economic policy: chronic deficits, exploding public debt, and engineered inflation are now eroding Japan’s purchasing power, competitiveness, and monetary stability.
For decades, many mainstream analysts pointed to Japan as proof that a rich, “monetarily sovereign” country could keep an extremely high public debt without relevant consequences. The argument was simple: as long as the state can issue its currency, it...
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NATO 3.0: Report Details 'Fundamental Restructuring' Of US Commitments
NATO 3.0: Report Details 'Fundamental Restructuring' Of US Commitments
Via The Cradle
The US is moving forward with a "fundamental restructuring" of its commitments to European security, transitioning from the traditional "burden sharing" strategy to that of "burden shifting," according to a Der Spiegel report published on May 26.
Under the new vision dubbed "NATO 3.0," Washington expects European allies to assume responsibility for the continent’s entire conventional defense.
Source: Dunya
In this new framework, the US will primarily provide a nuclear deterrent rather than the broad military support it has historically guaranteed.
This transition, which the report notes...
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