Talking to EU lawmakers on Monday (8 February), European Central Bank (ECB) president Christine Lagarde reacted to criticism from conservative politicians who blamed ECB policy for the inflation currently biting into Europeans’ purchasing power. Yearly inflation was at 5.1% in January 2022, up from 5% in December, which is higher …

Grand strategy refers to state’s plan of action to achieve its major long-term objectives. Beijing’s grand strategy relies on a combination of leadership declarations, policies, economic activities, and military means. Since its inception in 1949, China’s strategic focus has shifted from revolution-survival-recovery to an emphasis on rejuvenation. A combination of …

Slippery slope However, interesting as those experiments and observations might be, they are still the result of specific parameters within a particular setting and an environment that doesn’t resemble real life. Serious and honest behavioral economists both understand and freely admit this. Just because there was one experiment in which …