Category: Analysis

Europe Suffers from a New Kind of Inflation

Economic theory does not recognize ‘structural inflation.’ This is too bad, because it is very likely the main reason why European inflation remains higher than it should be.

A Shaky Alliance in South Africa

After a month of negotiations, there’s a new government of national unity in South Africa. But will it work?

Brace for Austerity, Part II

Structural spending reform replaces today’s welfare state with basic but dignified benefits to those who by no fault of their own are unemployed.

Brace for Austerity, Part I

Reckless government spending is going to provoke more fiscal austerity in Europe. There is no right way to do austerity. Here is why.

Ethiopia’s Struggle: From Harmony to Terror

Ethiopia’s Struggle: From Harmony to Terror

Ethiopia must abolish state terrorism and establish law and order.

May 4, 2024
Euros & Dollars: Benefits From 20 Years in the EU

Euros & Dollars: Benefits From 20 Years in the EU

Since 2004, ten countries in Eastern Europe have proven that EU membership does not guarantee economic success.

May 3, 2024
Euros & Dollars: Trump’s Federal Reserve Plans, Part III

Euros & Dollars: Trump’s Federal Reserve Plans, Part III

I urge Trump to respect the independence of the Federal Reserve. If he does not, as my numbers show, it would mean suicide for the American economy.

May 2, 2024
Euros & Dollars: Trump’s Federal Reserve Plans, Part II

Euros & Dollars: Trump’s Federal Reserve Plans, Part II

The idea behind ending the independence of the Federal Reserve is brutally simple: deficit monetization.

May 1, 2024
Euros & Dollars: Trump’s Federal Reserve Plans, Part I

Euros & Dollars: Trump’s Federal Reserve Plans, Part I

The independence of the Federal Reserve is as essential as the independence of the U.S. Supreme Court.

April 30, 2024
Euros & Dollars: A Risk Premium on U.S. Debt?

Euros & Dollars: A Risk Premium on U.S. Debt?

At the start of 2024, there was a trend break on the market for sovereign debt that suggests investors may be asking a risk premium to buy U.S. government debt.

April 26, 2024
Euros & Dollars: Joe Biden’s Greedy Marxist Tax Hikes

Euros & Dollars: Joe Biden’s Greedy Marxist Tax Hikes

Joe Biden wants the ‘rich’ to pay their ‘fair share,’ but he never defines what the ‘fair share’ means. There is an ominous reason for that.

April 25, 2024
Euros & Dollars: The Irony of Bulgaria’s Euro Entry

Euros & Dollars: The Irony of Bulgaria’s Euro Entry

Bulgaria is on the cusp of joining the euro but has not yet set a firm accession date. They would be wise in waiting to give up their own currency.

April 24, 2024
How Orbán and Morawiecki Could Build Europe’s New Populist Bloc

How Orbán and Morawiecki Could Build Europe’s New Populist Bloc

At the very least, the ECR and ID groups will need to work more closely together to counter the “federalist” forces in the European Parliament.

April 23, 2024
Euros & Dollars: What Is Happening to the U.S. Yield Curve?

Euros & Dollars: What Is Happening to the U.S. Yield Curve?

If this odd change in the yield curve continues, it will turn into an open vote of no confidence in U.S. government debt.

April 23, 2024
Is the French Right the Silliest in the World?

Is the French Right the Silliest in the World?

As in the endless disputes between brothers and sisters, we end up forgetting who started it and who said what.

April 20, 2024
Euros & Dollars: German Economy in Dire Straits

Euros & Dollars: German Economy in Dire Straits

What looks like a mild recession on the surface could turn into something much more serious.

April 19, 2024