Global Economy

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Daniel Lacalle

Unfortunately, when governments all over the world decided to “spend now and deal with the consequences later” in 2020, they also sowed the seeds of a 2008-style problem.

Robert W. McGee

According to Galiani, interest equalizes present and future money. It is a means to compensate for the palpitations of the heart that a creditor must endure until the money is returned.

Daniel Lacalle

The global economy is entering a recession because recent unprecedented government spending has zombified hugely indebted economies and has crowded out the private sector.

Daniel Lacalle

Beijing must be very happy. Thanks to the "price cap," the Asian giant will secure a long-term supply at al attractive price from Russia and sell refined products globally at higher margins.

Kevin Dowd

The woes of Britain's financial sector have been exacerbated by UK financial regulators' failures.

Lipton Matthews

The standard line from progressives is that free markets usually fail in developing countries. The economic numbers tell a much different story.