The Upside of Lockdowns: More Saving
Something good is coming out of the covid lockdowns. Economist David Rosenberg released a special report via the eponymous Rosenberg Research, concluding “the pre-COVID-19…
Why Mainstream Economic Forecasts Are So Often Wrong
By Daniel Lacalle Every end of the year, by the end of the year, we receive numerous estimates of global GDP growth and inflation…
There Is No Chinese Economic Miracle
The year 2020 will be an extremely tough year for the European economy. Added to an unprecedented drop is a strong impact in the fourth…
Japan’s innovation struggle
By Urs Schoettli Recently the English language daily The Japan Times carried the headline “Kono declares war on the fax machine.” In the recent reshuffle of…
The Fed’s Balance Sheet May Be Headed to $40–$50 Trillion
President Trump has said often that he had “created the greatest economy the world has ever seen, until the China virus came.” Maybe some…
92 Percent of Trump’s China Tariff Proceeds Has Gone to Bail Out Angry Farmers
by Benn Steil, Author and Benjamin Della Rocca, Author “China” is “paying billions and billions of dollars” on U.S. tariffs, President Trump said in his debate with Joe…
The future of free trade
By Tatiana L. Palermo The United States was never truly fond of free trade agreements (FTAs). Since 1984, the U.S. has signed FTAs with only 20…
The Fed and ECB: Average inflation targeting for two
By Enrico Colombatto Regardless of the letter of their statues, the two major central banks of the West, the United States Federal Reserve and…
Central Banks and the Problem with Playing God
Today’s Western institutions have long been deemed to be sacrosanct. As a matter of fact, though, nation-states are increasingly met with reservation or even…
Japan Embraced Debt as a Way out of Its Budget Crisis. It’s Not Working.
The sudden resignation of Japans Prime Minister Shinzo Abe has led to evaluations of his so-called Abenomics. Many have praised Abe’s aggressive monetary policy…