By Luis Pablo de la Horra, courtesy of the Austrian Economics Center Deflation is the most feared economic phenomenon of our time. The reason behind this a priori irrational fear (why should we be afraid of prices going down?) is the Great Depression. The most severe economic crisis of the 20th century was accompanied by a […]
By Daniel McGroarty, TES GeoPolicy Editor COVID-19: It’s all we talk about, on the cable news, and in our 6-foot socially-distanced prison walks around our silent neighborhoods. And in nearly every conversation comes the intellectual shrug, “who could have seen this coming?” A single phrase that neatly absolves governments and experts alike of […]
By Emilio Ocampo, Board Member, Libertad y Progreso (original) Déjà vu, groundhog day, a nagging feeling that you have already experienced the present. These are expressions everybody seems to be using these days to describe the current Argentine crisis. Below is some confirmatory evidence that Yogi Berra’s most quoted aphorism is always applicable in […]
