Daniel Lacalle has a PhD in Economics and is author of Escape from the Central Bank Trap, Life In The Financial Markets and The Energy World Is Flat.
Global EconomyProtectionism and Free TradeInterventionism
Trump has exposed the hypocrisy of the "free trade" advocates in China and Europe. But by raising tariffs, Trump and other world leaders are inviting disaster.
Not unlike the United States, Nordic countries have mixed interventionist economies that nonetheless rely heavily on property rights and the private sector.
The bummer about the euroskeptics in Italy is that their primary interest is making Italy's bloated public sector ever bigger.
Our friend Daniel Lacalle was interviewed recently by BBC to discuss recent developments between trade negotiations between the US and China.
On his blog, he goes on to further explain why a trade war would be particularly devastating for China.
What the Trump...
Financial MarketsGlobal Economy
Argentina is a warning, and administrations should take this as a serious signal before the scare turns into a widespread emerging market crisis