Finances

How can the United States stop its fiscal nightmare?

Finances Daniel Lacalle - November 25, 2024.

The Biden administration created the largest fiscal imbalance in a period of growth, with record tax receipts. Furthermore, as Professor EJ Antoni and Dr. Peter...

The UK Budget Is the Worst in Decades. Why No Resignations?

UK Daniel Lacalle - November 18, 2024.

Prime Minister Liz Truss was forced to resign in 2022 after presenting the first budget in decades that truly focused on recovering the fragile private...

Unbearable Lightness Of Printing Big Banknotes  

Finances Emre Alkin - November 2, 2024.

There used to be a frequently repeated anecdote in Turkey. Although it might have been perceived as a joke, it actually contained a serious truth....

Central Banks Only Want to Ban Bitcoin Because They Will Destroy Money

Finances Daniel Lacalle - October 28, 2024.

If a government or central bank had the unequivocal objective of maintaining or strengthening the purchasing power of the currency they issue, they would never...

The euro area is in stagnation despite retroactive GDP upgrades

Finances Daniel Lacalle - October 21, 2024.

It is difficult to understand how citizens demand more economic power for governments when fiscal policy fails abjectly, as we have seen in Europe. We need...

Can Digital Currency Solve Grey Economy?

Finances Emre Alkin - October 12, 2024.

In some countries, due to extremely high inflation, the largest banknote printed has become meaningless, putting central banks under public pressure. Some say, "Big banknotes create...

The looming U.S. debt crisis warning signals

Finances Daniel Lacalle - October 7, 2024.

Foreign ownership of American debt is a clear signal of the United States' fiscal nightmare. Since January 2021, national debt has increased by $7.3 trillion...

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