“Gold is a relic!” Maynard Keynes, the famous British economist of the twentieth century wrote.
Yes. Gold is a strange relic – one that continues alive in the minds of billions of people. In normal times, millions of poor people – mostly Asian, some very poor, resort to gold as a storage of value. An example: there are dozens of thousands of poor Indian widows applying their meagre savings in gold.
Continue reading “Coronavirus pandemic, gold and human foolishness”
The coronavirus economic crisis is raising multiple ethical issues.
Politicians are facing the type of moral dilemmas raised by philosophers: do we have the right to take measures that will lead to the death of hundreds of thousands or even millions of people, to save the jobs and the way of life of billions? Continue reading “The present pandemic crisis, ethics and the Great Depression”
According to President Trump the stay-at-home measures chosen to fight the Covid-19 can be worse than the problem.
We are risking record-high levels of unemployment and a huge decrease in the economic output, all over the world; some economists are already previewing a fall of 30% in the American GDP, but things can turn a lot worse. Continue reading “Bill Gates, Trump, Ethics and Economics”