Finances

2025 could bring a potential sudden stop to emerging market bonds 

Finances Daniel Lacalle - January 6, 2025.

In 2020, the FMI recommended global economies spend and borrow and face the consequences later. The pretend-and-extend Keynesian response to the pandemic left persistent inflation...

France Will Not Solve Its Finances with Higher Taxes

Finances Daniel Lacalle - December 16, 2024.

France is a rich and once prosperous nation with excellent human capital. It is a nation with plenty of entrepreneurs and investment opportunities. It is...

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...

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