Trump’s debt plans are an affront to economic reason, says a commentator in Handelsblatt. In 40 years, the US national debt ratio could reach 200 percent. That will not end well. Another commentator in the same newspaper goes so far as to say in an ‘essay’ that the president is weakening the world’s strongest economy ‘at breathtaking speed’ because the new law represents an ‘incalculable debt gamble’. …
Signs and wonders are happening! The German Handelsblatt has recognised that foreign trade surpluses are not necessarily a good thing. Although they have long been regarded in this country as hard proof of German competitiveness, the paper writes that a country’s surpluses inevitably create deficits in other countries, …
23 June 2016 was a big day. On that day, almost 52 per cent of all English people voted for freedom. They voted to leave the European Union. Charlatans like the still-active Nigel Farage had promised the people that leaving would save the country a lot of money every day and that it would flourish once it finally broke free from the shackles of Brussels bureaucracy and joined forces with other nations around the world in free trade. …
Hardly anything has been written or said more in recent weeks than about the paper by Trump’s new economic adviser, Stephan Miran, which forms the basis for the so-called Mar-a-Lago Accord, a new attempt to find multilateral solutions to the global monetary system. …
