Economics and politics - comment and analysis

The detrimental effect of German economic thought on Europe’s economic policy

Cross-posted from Brussels Morning (https://brusselsmorning.com)
 
What is called economics in Germany has become unchallenged ideological preaching. It is not about understanding economic interrelations, but a theology of conviction that is not grounded on facts and theory.
It is hard to believe that the “crème de la crème” of German economists fail time and again to soberly assess unfolding events. …

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Creeping Protectionism and the WTO

Cross-posted from Brussels Morning (https://brusselsmorning.com)
 
The US administration is poised for a smarter balancing of its trade deficit, probably through monetary policy rather than tariffs.
Many free trade apologists are convinced that creeping protectionism is one of the biggest problems facing the global economy. …

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