To Avoid European and Japanese Economic Stagnation, U.S. Should Adopt More Disciplined Fiscal and Monetary Policies
This is a collaboration with James Roberts published at Heritage.
SUMMARY
Since the creation of the European Union, EU economic policies have been defined by a never-ending series of fiscal stimulus measures accompanied by accommodative monetary policies. Now, in the United States, some politicians on the left are demanding that the U.S. government implement similar measures. It is important to analyze the risks to the American economy inherent in such policies by examining the impact they have had on the eurozone and Japan, where they have been implemented. Continue reading To Avoid European and Japanese Economic Stagnation, U.S. Should Adopt More Disciplined Fiscal and Monetary Policies
Macro Voices: The bond market gets it. Global Stocks get it. The S&P 500 has been slow to get the memo.
Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to MacroVoices. Erik and Daniel discuss: Continue reading Macro Voices: The bond market gets it. Global Stocks get it. The S&P 500 has been slow to get the memo.
Central Banks Are On A Race To Zero (CNBC)
Central banks in a race to zero, economist says from CNBC.
Monetary policy tools have been exhausted. Lower rates and more liquidity only weaken the economy and inflate larger bubbles.