Category: Analysis

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.

French Elections: The Revenge of the Left?

The efforts of the Left and centre to keep Le Pen’s RN out of government would leave France in the rut of immigration, insecurity, and loss of self-confidence.

Euros & Dollars: How to Fix America’s Debt Problem, Part I

Euros & Dollars: How to Fix America’s Debt Problem, Part I

There is only one way that Congress can permanently end its budget deficits. Here is how to get the job done.

April 3, 2024
The Madrid Train Bombing: Twenty Years On

The Madrid Train Bombing: Twenty Years On

Twenty years later, the 2004 Madrid train bombing remains central to understanding Spanish polarization and geopolitical irrelevance.

Euros & Dollars: U.S. Borrows $1 Trillion in Six Months

Euros & Dollars: U.S. Borrows $1 Trillion in Six Months

In 2023, the federal government borrowed $2.5 trillion. So far this year, things are only getting worse.

April 2, 2024
Spanish Heterosexuals Become Second Class Citizens

Spanish Heterosexuals Become Second Class Citizens

“LGBTQI” Spaniards are now being invited to register for priority status within the government’s job placement scheme.

EU Elections: A Dead End for French Party Les Républicains?

EU Elections: A Dead End for French Party Les Républicains?

Ideological inconsistency and obsession with respectability have prevented follow-through on conservative convictions.

April 1, 2024
Spain’s Amnesty Law Galvanizes the Opposition

Spain’s Amnesty Law Galvanizes the Opposition

Legal experts mostly agree that the law is unconstitutional, and opposition leader Feijóo has stated he would repeal it once in power.

Euros & Dollars: French Budget Debate Long on Words, Short on Facts

Euros & Dollars: French Budget Debate Long on Words, Short on Facts

The national French statistics office has released new numbers on government debt. Everybody debates those numbers, but has anyone actually read them?

March 29, 2024
Euros & Dollars: The Inevitable Swedish Euro Accession

Euros & Dollars: The Inevitable Swedish Euro Accession

A combination of ominous economic forces beyond the control of the government will make minced meat of Sweden’s euro-skeptic holdouts.

March 28, 2024
Euros & Dollars: U.S. Treasury Buys Congress Time to Address Debt

Euros & Dollars: U.S. Treasury Buys Congress Time to Address Debt

The U.S. Congress has ignored the budget deficit for decades. Debt investors have almost run out of patience. Will Congress address the problem—or continue to play for time?

March 27, 2024
Euros & Dollars: The Baseless Attack on the Polish Central Bank

Euros & Dollars: The Baseless Attack on the Polish Central Bank

Donald Tusk has accused the National Bank of Poland of manipulating interest rates to help his predecessor win last year’s election. Here is ample proof that Tusk has no case.

March 26, 2024
Euros & Dollars: The Fading Hope of Lower Interest Rates

Euros & Dollars: The Fading Hope of Lower Interest Rates

The prospect for lower interest rates in Europe is fading, but the reason has nothing to do with the European economy. The reason is found on the other side of the Atlantic Ocean.

March 22, 2024
Euros & Dollars: Explaining Europe’s Economic Stagnation, Part II

Euros & Dollars: Explaining Europe’s Economic Stagnation, Part II

Economists have failed to explain Europe’s economic stagnation. Here is an explanation they have not considered.

March 21, 2024