And Now for a Really Bad Response to Political Calamity
Geopolitics, inflation and risks of supply shortages have made politicians dust off some of the worst economic ideas in history…
Continue readingDaniel LaCalle
Commodities Do Not Cause Inflation: Money Printing Does
They try to convince us every day that inflation is caused by numerous factors, not by currency printing…
Continue readingGovernment Expansion Did Not Expand the Job Markets
The economic recovery has been slow and unemployment reduction is even slower…
Continue readingBiden’s “Historic Growth” Is No Such Thing
A recovery from a massive crisis is not “growth”…
Continue readingWill The Fed Pop The Everything Bubble?
The Federal Reserve is aware of the “bubble of everything” created in recent years and the elevated levels of debt throughout the economy. Unfortunately, the Fed has already…
Continue readingReal Wages Plummet As Inflation Hits The US Recovery
No US citizen should be happy about plummeting real wages and stagnant labor participation in the middle of a strong recovery and…
Continue readingThe Fed’s Dovish “Tapering” and the ECB
The Federal Reserve gave the most dovish “hawkish” statement ever, an apparent aggressive tapering that, in reality…
Continue readingWhen Fiat Currency Stops Being Money
Those who say that the state can always “create money and spend it” should be obliged to receive their salaries in…
Continue readingThe US Misery Index Shows How Weak This Recovery Is
The United States economy is living on borrowed time…
Continue readingOPEC Can’t Make High Oil Prices Go Away
We are suffering from the combination of misguided energy policies, excessive money creation and ill-timed…
Continue readingBiden’s Infrastructure Plan Points to Even More Price Inflation
What is the worst thing a government can do when there is high inflation and supply shortages?
Continue readingWhy China’s Property Bubble Is a Big Deal
No economy has been able to ignore a property bubble and even less so offset it and continue to…
Continue readingGovernments Love Inflation, And They Won’t Do Anything to Stop It
No government looking to massively expand its size in the economy and monetize a soaring deficit is going to act against rising prices, despite claiming…
Continue readingEvergrande Isn’t China’s “Lehman Moment”: It Could Be Worse than That
The problem with Evergrande is that it is not an anecdote, but a symptom of…
Continue readingCentral Banks Can’t Taper In This Slowdown
Recent data from the United States should worry us. Amid the reopening and the biggest fiscal and monetary stimulus in recent history…
Continue readingThe End of the Gold Standard: Fifty Years of Monetary Insanity
SThus, since the breakdown of the gold standard, financial crises are more frequent but also shorter than before….
Continue readingGovernment “Stimulus” Keeps Having a Diminishing Effect
The diminishing effect of the stimulus is not just staggering, but the increasingly short impact of these programs is alarming…
Continue readingWe Can Have Low Interest Rates Or Robust Growth, But Not Both
Central banks have chosen low bond yields at any cost, despite all the evidence of stagnation ahead. This creates enormous…
Continue readingThis Is A Weak Jobs Recovery
The jobs recovery is extremely poor, especially if we consider the size of the monetary and fiscal stimulus and the…
Continue readingThe Stimulus Boom Is Already Over: Now Comes Stagnation
Cheap money, increased public intervention, and massive stimulus plans have not worked as…
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