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There is a clear correlation between expansions in international trade and reductions in poverty. The Mexican experience appears to be no different.
A rate cut would only create a larger problem in the future. If the already dangerous corporate and sovereign debt bubble grows significantly more, no monetary policy will prevent a debt crisis.
Bureaucracy and RegulationCorporate Welfare
Elon Musk uses corporate welfare and "public-private partnerships" to create the false impression he is an actual entrepreneur.
Global EconomyMoney and BanksMoney and Banking
Monetary policy has gone from being a tool to support fiscal reforms to an excuse for not implementing them.
Money and BanksMoney and Banking
Assessing cryptocurrencies through a framework of "saleableness" may help us understand why some cryptocurrencies are chosen for speculation above others.
Financial MarketsGlobal EconomyMoney and Banks
It is not easy to change the failed policies of the Kirchner era without recognizing the enormous monetary and fiscal hole created by the previous administration.
Money and BanksMonetary TheoryMoney and Banking
Booms and BustsFinancial MarketsMoney and Banks
Using Japan as a model, governments are steering us toward a worldwide zombie economy — but we're likely to end up with something that looks more like Argentina than Japan.