Radu Craciun

How pathetic can you be to expect the USA to find you alternative gas sources after stubbornly making sure to hand yourself on a silver platter to Gazprom? How pathetic can you be to hold dozens of high-level meetings to agree on a common position prior to the invasion of Ukraine, to declare you have […]

In the US, in the UK, in the eurozone, in the EU, the inflation surpasses even the worst-case scenarios. The reasons behind it are presented as “exogenous”, namely they are somehow extrinsic, beyond the central banks’ control. But are they truly exogenous only? And are central banks truly firefighters to the rescue or are they […]

More often than not, economic crises are the product of excesses: prolonged periods of low interest rates despite the overheating economy, exchange rates that do not mirror the economic competitiveness of the issuing country, excessive indebtedness resulting in default, budget deficits that run too high or excessive increases in public sector wages. Under such circumstances, […]

A recent interview given to the journalist George Buhnici touched among other things upon the cryptocurrency issue. The explanations that I provided of why cryptocurrencies are in fact speculative cryptoassets that anyone can invest in as long as they know what they are doing triggered a wave of criticism from the crypto apostles who watched the […]

One theory tried to explain the 2008 financial crisis by referring back to the end of the cold war. The new geopolitical development meant lower defense spending and, consequently, fewer contracts between the defence industry and the US government. As a result, aeronautics experts, such as mathematicians, physicists, highly qualified engineers had to leave their […]

Europe was taken aback by a recent letter signed by 1,000 French military, including some 20 generals, retired or on active duty. Another one followed, this time anonymous. Though for some the warnings of a possible civil war in France or the references to ‚the hordes of the banlieue’ of a certain religion may seem […]