Keynesian Business Cycle Theory

The Keynesian Business Cycle Theory, or KBCT, is central to the Keynesian school of economic thought. The KBCT was John Maynard Keynes’ lens through which he analyzed economic volatility and offered prescriptions on how to correct market failures and deficiencies. An understanding of the KBCT is essential to an understanding of Keynes’ methodology and theories and how they apply to historical events and the future to come.  Continue reading


NATO in the Modern Day

Originally Published: March 19th, 2017

There is a remarkably necessary inquiry to be made into the modern-day necessity for the North Atlantic Treaty Organization– a post-Cold War era military alliance designed to “safeguard the freedom and security of its members through political and military means.”[1] NATO’s primary concern during the latter half of the 20th century, for clear reasons, was the USSR. NATO was designed to collectivize military resources across Europe and the North Atlantic region to fortify the liberal democratic capitalist states of the union from the growing prospect of a Russian attack.

The natural line of thinking, then, would lead one to wonder: why would an alliance dedicated to securing nations from the now-defunct USSR still be relevant? Continue reading