Constantin Gurdgiev Profile picture
Sep 30, 2018 19 tweets 7 min read
Why GDP and GNP should NOT be used as reference points for measuring the size of #Ireland economy? Two charts: 1) The two measures are not even on-trend with the real demand, 2) The gap between MNCs-shenanigans in Irish Nat. Accounts & the real domestic demand is MASSIVE 82% + + So for all my learned friends, esp in the likes of @CatoInstitute @FraserInstitute @danieljmitchell et al: what your Indices of Economic Freedom rankings for #Ireland reflect is the vast transfer of economic power from the residents of Ireland to Multinational Corporates. +
Apr 15, 2018 12 tweets 2 min read
0/10: Let me outline - in 10 tweets - what the sanctions on #Russia have achieved so far, since 2014, economically & geopolitically, from the perspective of the law of unintended consequences: + 1) Sanctions induce ruble devaluation, which improves fiscal balance for the Federal state (aka, Putin) & profitability (& sustainability of state-owned enterprises); +