The Economics of Trump’s Tariffs vs Income Tax
byby Benn Steil and Elisabeth Harding President Trump has many times suggested that tariff revenue could replace the federal income tax. This claim is absurdly off-base,…
Economics
The Illusion of Inflationary Prosperity
byNothing is as enticing as a free lunch. The idea of getting something for nothing surely is appealing to almost everyone. You want a…
Terra Incognita
byWritten by Luca Martina We don’t know whether the trade war triggered by President Donald Trump stems from his ignorance of the potential consequences,…
Financial Repression Is Back, As Euro Debasement Continues
byIn June 2024, the European Central Bank (ECB) began lowering its key interest rate. Borrowing costs were reduced from 4.5 per cent to 2.5…
Economic growth and the stock market
byBy Dr Frank Shostak Most financial commentators are of the view that increases in the stock market strengthens economic growth. The reason being because…
The Return of Negative Real Yields in the Euro Area
byWhile negative real yields are currently no longer an issue for many investors, they are becoming a pressing topic once again, especially for those…
Trump’s “Liberation Day” Tariffs Are a Mistake
byConnor O’Keeffe Today, April 2, 2025, is what Donald Trump and his team are calling “Liberation Day.” Because later, the president will host an…
The Keynesian multiplier – myth or reality?
byBy Dr Frank Shostak For most economists and financial commentators, the heart of economic growth is the demand for goods and services. It is…
Are inflationary expectations the key cause for general rise in prices?
byBy Dr Frank Shostak By the popular way of thinking, the key cause that sets a general increase in prices is inflationary expectations. For…