Argentina has been “printing money for the people” MMT-style for many years. Its wrongly-called “inclusive monetary policy” of the past -print money to finance massive government spending- has driven the country to massive inflation and depression.
This is the main reason why a country with an excellent education, human capital, and high economic potential has third-world inflation rates.
Continue reading Five reasons for the weakness of the Argentine economy
One of the most repeated messages among European financial analysts this week is this: “we are in a global slowdown“.
Continue reading The Eurozone Slowdown Is Worse Than The Global One.
Liquidity injections and zero interest rate policies disguise risk and may give a false sense of security. Continue reading Economic Data Weakens, Markets Soar. Are We Repeating 2008?
No, it is not a New Deal, and it should not be.
When FDR launched the New Deal the size of government, public spending and debt were nowhere close to today’s elevated levels. Continue reading The New Green Deal Is Not New. Not Green. Not A Deal.