A Quote by Nicholas Bloom
Political uncertainty around the world has more than doubled since the election of Trump. To find anything comparable we have to go way back, to the late 1920s for example, the times of the Great Depression. Or think of the United Kingdom in the 1970s, when the International Monetary Fund had to help the country out with a dramatic rescue operation. Up until the Greek crisis, that was the last time that the IMF was forced to intervene to such an extent in Europe.
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Conservatives believe that international institutions such as the United Nations are anti-American and anti-Israeli cabals. Progressives do not like the economic medicine that the International Monetary Fund (IMF) and World Bank force down the throats of developing countries.
Back when Donald Trump was just starting in the primaries, and I was asked, 'What do you think of Trump?' I would say, 'Donald Trump is a great example of someone in our country being able to truly do anything. You can dream, you can do it. And that's a great example of that. But when the primaries are over, Donald Trump will be gone.'
Socialism is undoubtedly in the throes of a crisis greater than at any time since 1917. The last half of 1989 saw the dramatic collapse of most of the communist party governments of Eastern Europe.
This year, the United States renewed funding of reproductive healthcare through the United Nations Population Fund, and more funding is on the way. The U.S. Congress recently appropriated more than $648 million in foreign assistance to family planning and reproductive health programs worldwide. That's the largest allocation in more than a decade - since we last had a Democratic president, I might add.
You have to go back to the 1920s, almost a hundred years, to find the Democrat Party as weak and out of power as it is today. How did that happen with just one election? It didn't happen in one election. The fact is the Democrats have been losing elections, except for the White House, for the last eight years in numbers that have not been reported.
It has been suggested at various times that I should start an operation in the United Kingdom but - bearing in mind my age and medical history - I think this would be not a very sensible way to go forward.
What I find so interesting is, Herbert Hoover in August 1928 said no country in the world was closer to abolishing poverty than the United States. And then, of course, we had the Great Depression.
I don't think anyone sets out to malign poor people but certainly that's what we do through organizations such as the World Trade Organization, the World Bank and the International Monetary Fund.
I am confident that we can overcome this crisis, provided that we remain united in our effort to address our debt and competitiveness problems. And I think that the Greek people are united; it's important also that the political forces are united in line with the will of the Greek people.
The fact that we're going through a crisis is an opportunity for Europe to be more coordinated and more integrated. We're actually talking about a European Monetary Fund or euro bonds, about guarantees for countries, about economic governance in the European Union. That shows the strength of Europe.
My theory is that nine times out of ten, if there's a depression, more a social depression than anything, it brings out the best art in black people. The best example is, Reagan and Bush gave us the best years of hiphop.
I think what Mr. Trump has is this - he has experiences. He has put more things together in businesses around the United States, around the world. And he's had some things that didn't go exactly right. He's been able to find a way to resurrect those things. He's been able to make some changes.
What the U.S. does is it continues to print money when the economic situation gets difficult. This is what happened in the last depression during the summer of 2008 when they tried to resolve the economic crisis by printing valueless money. This is the business privilege given to them at the famous conference of Bretton Woods in 1944 when the United States emerged as the superpower after Europe and the rest of the world, mainly Europe, that had collapsed because of the war.
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It takes a long time for a country to build a strong base in science, but only a short time to destroy it. Germany was a sad example. It was a world leader in the sciences for more than a century, until its science base was demolished during the Nazi era, and the country ceded its position to the United States.
Nicaragua is a World Bank and International Monetary Fund designated "heavily indebted poor country," with little legal ability to control its economic future: Everything is for sale. And once Nicaraguans decide to cash in and sell their houses or farms, they have to look far inland for anything affordable.
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