Global EconomyTaxes and Spending
The string of spending increases announced daily in Europe disguise an extremely dangerous bet: that the ECB will bail out the eurozone forever.
The FedGlobal EconomyMoney and Banking
The repo crisis — and it is a crisis — is telling us that liquidity providers are aware that the price of money, the assets used as collateral and the borrowers’ ability to repay are all artificially manipulated.
The need to inject more than 270 billion US dollars into the short-term money market teaches us that liquidity is much lower than the Federal Reserve estimated and the agents’ debt much greater.
The EnvironmentFree MarketsSocialism
There are only two ways to solve environmental challenges: competition and technology. That requires capitalism, not the government.
Big GovernmentThe EnvironmentInterventionism
Europe is seeing the dangers of allowing demagogy to dictate energy policy.
Global EconomyMoney and BanksMoney and Banking
The eurozone economy is slowing down. The solution isn't more fiscal and monetary stimuli.
The slowdown of the European economy is a disaster considering the enormous stimulus we are immersed in.
Financial MarketsGlobal EconomyMoney and Banking
If the world gets into a currency war — with the assault on wages and savings that devaluation entails — no one wins.