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’. …
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. …
Two weeks ago (here), I pointed out that there is a dangerous divergence between wage costs in the eurozone and those in countries that maintain a fixed exchange rate with the euro. This week, Eurostat has been publishing new figures showing that the problem is getting bigger instead of smaller. …
