When Sultan Abdulmejid I of the Ottoman Empire declared war on Russia in the summer of 1854, he assumed it would be an easy victory that would restore his crumbling empire back to its former glory. But Abdulmejid’s dream never came true. The Ottoman Empire was already in dire economic condition by the mid-1800s; Abdulmejid’s … Continue reading Why the ‘Make America Worse’ bill will lead to higher inflation