By Olivier Kessler, courtesy of ECAEF Chances are that the current stock market drama will go down in the history books as a “corona crash”. Focusing on the trigger, however, would overlook something essential. In retrospect, the complex and opaque developments in history are often reduced to a few specific events. This corresponds to […]
Tag: economics
Eurobonds were a bad idea. “Coronabonds” are too
“Coronabonds: Eurobonds Redux in Times of COVID-19” By Bill Wirtz, courtesy of the Austrian Economics Center As the Coronavirus pandemic continues to affect European countries – and the most affected countries are simultaneously the more indebted Eurozone countries, the issue of mutualized debt has once again been put on the agenda. Spain and Italy […]
Global digital tax proposal is a recipe for decline
“Opinion: Harmful attempts to plan and regulate the global economy” By Prince Michael von Liechtenstein, courtesy of ECAEF Recently, a G20 summit of finance ministers was held in Riyadh, Saudi Arabia. The main concern of the summiteers was not the condition of the global economy, but two other issues: taxing the digital economy and taming digital […]
Canada needs immigration to drive growth
“Increase Immigration – Increase Prosperity” By Matthew Lau, courtesy of the Frontier Centre for Public Policy One of the big policy issues for the federal government this year, as well as in the Conservative leadership race, is immigration. By a margin of 63 percent to 7 percent, according to a recent Leger poll, […]
Global wealth inequality fell over last two decades
“Global wealth inequality has declined since 2000” Jørgen Sloth and Thomas Due Bostrup, courtesy of CEPOS Summary and commentary This analysis is about the evolution of global inequality. Among other things, it shows that wealth inequality has decreased over the past 20 years. Thus, the richest 10 per cent share of global wealth has fallen […]
Argentina, from rich country to poor country
By Manuel Llamas, courtesy of Libertad y Progreso In the first third of the 20th century, it was one of the ten wealthiest countries in the world, today it is 63 (IMF, 2017). Why? The answer is socialism. Argentina is one of the countries that has registered a greater economic deterioration during the last century. its transit […]
White House takes victory lap with economic report
By Erik Sass, TES Editor-in-Chief The United States is enjoying the longest period of economic growth in its history, now 127 months into the current economic expansion, with unemployment hovering around 3.5% and a GDP growth rate of 2.3% of 2019. The White House highlighted these gains – and the benefits […]
The Sake-Scotch Pact: New EU-Japan alliance forming
“A Surprising New Alliance: Europe and Japan” Courtesy of CEPS Almost surreptitiously, Europe and Japan are discovering they have a great deal in common, joining up to defend free trade, democracy and the rule of law. For decades, low-grade commercial friction and political indifference marked the relationship. Japan’s powerful car industry frightened […]
Big players will be sorry they let WTO lapse
“WTO at 25: What has It Ever Done for Us? Welfare Effects of the WTO” Courtesy of IFW Kiel January 1, 2020 marks the 25th anniversary of the founding of the World Trade Organization. Whether it is looking forward to a rosy future is however uncertain. Their largest members, the US and China […]
Christine Lagarde at the ECB: chronicle of a failure foretold
By Etienne Chaumeton, courtesy of IREF In economics, the future is necessarily uncertain, because it is subject to the decisions of a multitude of individual actions. The recent arrival of Christine Lagarde to the presidency of the European Central Bank (ECB) on November 1, 2019, however, seems to mark the first stage of […]