Finances

Is Javier Milei Right? Do Central Banks Need to Be Closed?

Finances Emre Alkin - November 25, 2023.

According to Milei, who had just come to power in Argentina, it is his government’s moral obligation to close the Argentinian Central Bank. Setting aside...

The beginning of the end for Central Banks?

Finances Emre Alkin - September 23, 2023.

For the past few years, people have been asking me, "why is the independence of central banks under threat from politics?" There are many reasons...

Fighting inflation requires a sound fiscal policy

Finances Daniel Lacalle - September 4, 2023.

Governments have no interest in reducing inflation because they benefit from it. With inflation, tax receipts rise as most economies do not adjust taxation to...

Are the BRICS a threat to the U.S.?

Finances Daniel Lacalle - August 29, 2023.

The summit of the so-called BRICS (Brazil, Russia, India, China, and South Africa) has closed with an invitation to join the group extended to the...

The digital ruble - a means of control, but also capital redistribution

Russia Sergei Stepancev, TA Moscow - August 20, 2023.

Russia announced the successful pilot release of the digital ruble on August 15. According to the announcement, as the initial step, it will start selectively...

Governments never curb inflation because they benefit from it

Finances Daniel Lacalle - July 30, 2023.

Interventionists always blame inflation on everything and anything except the only thing that makes aggregate prices rise: Issuing more units of currency than the real...

When governments spend a lot, citizens save less

Finances Emre Alkin - July 8, 2023.

Margaret Thatcher said in the 1980s: “the state has no source of money other than the money people earn themselves. If the state wishes to...

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