What happens when politicians see that their monster stimuli have not delivered? They bring the next rabbit out of a hat. They need a new name and a new magic solution to make citizens believe in the magic of demand-side policies despite the constant failure of those same plans. Continue reading The New Green Deal Is Just Old White Elephants
All posts by Daniel Lacalle
Venezuela. A Case of Socialist Organized Theft
Much has been written about the economic disaster perpetrated by the Maduro-Chavez regime in Venezuela. The magnitude of it is simply difficult to match. A sad global example of how to destroy a rich country. Continue reading Venezuela. A Case of Socialist Organized Theft
More Stimulus? No Need. World Economics Episode 3
Third Episode of my video-blog World Economics. Thanks for the success of the other episodes. This month we speak of the global slowdown and the poisoned solution of more stimuli and “a new deal”
From Slowdown To Crisis. Liquidity and low rates, wrong solutions for the wrong diagnosis
The recent macroeconomic data of the leading economies point to a widespread slowdown. What is more concerning is not just a logical moderation in the path of growth, but the acceleration in the weakening of economies that were supposed to be stronger and healthier. It is even more concerning that this aggressive worsening of key leading indicators in China, the EU, and most emerging economies happens at the peak of the largest monetary and fiscal stimulus in decades. Continue reading From Slowdown To Crisis. Liquidity and low rates, wrong solutions for the wrong diagnosis
