The most important factor in the coming elections is that Muhammadu Buhari, incumbent President of Federal Republic of Nigeria, a powerful chief executive of state, is a candidate. He is seeking re-election into the office of President. That this is not a trivial or idle observation can be seen from a recent historical contrast, namely, that in the 2015 general elections, Goodluck Jonathan, then incumbent President, was not the most important factor in those contests. He was not the most important factor because he was a weak chief executive of state at the time of the contests and in the…

The next economic crisis is closer than you think. But what you should really worry about is what comes after: in the current social, political, and technological landscape, a prolonged economic crisis, combined with rising income inequality, could well escalate into a major global military conflict. The 2008-09 global financial crisis almost bankrupted governments and caused systemic collapse. Policymakers managed to pull the global economy back from the brink, using massive monetary stimulus, including quantitative easing and near-zero (or even negative) interest rates. But monetary stimulus is like an adrenaline shot to jump-start an arrested heart; it can revive the…