Cross-posted from Brussels Morning (https://brusselsmorning.com)
“Poor guy,” I thought at first when I heard that Mario Draghi had accepted a mandate from the President of Italy to form a new Italian government. But upon a little more reflection, I realized that Mario Draghi may well be “the poor man,” but for Italy he probably represents a once-in-a-lifetime opportunity. …
Cross-posted from Brussels Morning (https://brusselsmorning.com)
The hype surrounding the “Gamestop” affair shows how little we still know about financial markets. But nobody asks why so many highly talented people with so much money are allowed to do nothing but make nonsensical bets day after day. …
Cross-posted from Brussels Morning (https://brusselsmorning.com)
There is no doubt that Switzerland is a currency manipulator; whether its behaviour is wrong or right is less clear. There are other surplus countries (with consistent current account surpluses) that also manipulate currencies and the US supports speculation, …
Cross-posted from Brussels Morning
Many German economists still blame the European Central Bank (ECB) for doing what central banks normally do, namely providing monetary conditions that are conducive to growth and development.
Particularly damaging for the public debate on how to exit the corona recession are the constant warnings by many economists and some doomsday prophets that the aggressive monetary policy within the monetary union risks triggering imminent and dramatic inflation throughout Europe. …
