What has really changed?…importing inflation…hoping to prove Friedman wrong…Can the U.S. central bank really begin fighting inflation in a serious way? Ah, dear reader - there’s a cruel twist to this story…The cure for high prices is high prices…and so the global economy lurches forward…and more!

A new community in South America is born with a variety of diverse and complex objectives spanning cultural, social and economic realms… another aim is the social inclusion, the civic participation, the strengthening of democracy for all.

Peak oil — once considered the domain of conspiracy theory buffs — has become hard economic fact, as fears of an oil production shortage within five years sent long-term oil futures to almost $140 a barrel today.

This from the Financial Times:

The spot price of Nymex West Texas Intermediate hit a record $130.30 a barrel on Wednesday. On Tuesday investors had rushed to buy oil futures contracts as far forward as December 2016,

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Amidst all the furore regarding the Labour administration’s embarrassingly mis-managed tax shortcomings, the cries of those in the UK warning of a growing humanitarian crisis in the developing world have been lost.

“Venezuela, one of Latin America’s most populist countries has a very high inflation rate, control on market prices and shortages. This seems to be a constant practice for countries with this type of regime, and even more so in this region where governments define this practice as “redistribution of wealth”. It seems like the only thing that they distribute is inflation,” says Paola Pecora.