The consequences of budget deficits for international trade
byIn all the economic mayhem ahead, no one is yet thinking of the consequences for trade imbalances. The twin deficit hypothesis informs us that…
Can economic data help to clarify the state of the business cycle?
byAccording to the popular way of thinking, various economic data can provide an analyst with the necessary information regarding the state of the economy….
The Demon-Haunted World
by“We’ve arranged a global civilization in which most crucial elements profoundly depend on science and technology. We have also arranged things so that almost…
The Fed’s Balance Sheet May Be Headed to $40–$50 Trillion
byPresident Trump has said often that he had “created the greatest economy the world has ever seen, until the China virus came.” Maybe some…
Government Policies Have Worsened the Coronavirus Crisis
byFew would disagree that we have been and are living through some unprecedented times in 2020. A global pandemic, government-imposed and mandated lockdowns and…
92 Percent of Trump’s China Tariff Proceeds Has Gone to Bail Out Angry Farmers
byby Benn Steil, Author and Benjamin Della Rocca, Author “China” is “paying billions and billions of dollars” on U.S. tariffs, President Trump said in his debate with Joe…
The future of free trade
byBy Tatiana L. Palermo The United States was never truly fond of free trade agreements (FTAs). Since 1984, the U.S. has signed FTAs with only 20…
The Fed and asset bubbles
byAccording to the Financial Times from October 18th 2020, senior Federal Reserve officials are calling for tougher financial regulation to prevent the US central…
The Fed and ECB: Average inflation targeting for two
byBy Enrico Colombatto Regardless of the letter of their statues, the two major central banks of the West, the United States Federal Reserve and…
Central Banks and the Problem with Playing God
byToday’s Western institutions have long been deemed to be sacrosanct. As a matter of fact, though, nation-states are increasingly met with reservation or even…