We read everywhere that monetary policy has run its course and that now is the time to implement fiscal expansion. However, what does this mean and will it work?
Watch this short video with my opinion.
All posts by Daniel Lacalle
Phase One Deal And Wealth Taxes. World Economics Episode 9
In the 9th episode of my video blog we discuss:
- The implications of a “phase one” trade deal between the United States and China.
- What is a wealth tax and what are the challenges behind it?
Quantitative Easing Or Direct Monetization Of Spending?
In this short video we discuss:
- Is it true that there is no inflation?
- Is it better to do quantitative easing or central bank financing of government spending?
- What are the consequences of aggressive monetary policies?
Lessons From Japan’s Monetary Experiment
A recent article in the Financial Times, “Abenomics provides a lesson for the rich world“, mentioned that the experiment started by prime minister Shinzo Abe in the early 2010s should serve as an important warning for rich countries. Unfortunately, the article’s “lessons” were rather disappointing. These were mainly that the central bank can do a lot more than the ECB and the Fed are doing, and that Japan is not doing so badly. I disagree.
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