Daniel Lacalle on the Central Bank Tightrope
Daniel Lacalle and Jeff Deist discuss the absurd reactions to the Fed's tiny interest rate hikes.
Daniel Lacalle and Jeff Deist discuss the absurd reactions to the Fed's tiny interest rate hikes.
The biggest “success” of the ECB has been the massive bailout of governments at the expense of savers.
Not surprisingly, policies adopted by central bankers often serve the interests of the central banks themselves.
Jeff Deist and Danielle DiMartino Booth discuss Fed Chairman Jay Powell's performance to date and whether Austrians and permabears overestimate the Fed's influence on the economy.
The next crisis is not likely to be another Lehman, but another Japan — a widespread zombification of global economies.
97% of consensus economists didn’t see the last recession the quarter before it started. Even worse, 77% didn’t see a recession when it was already happening!
What causes financial crises, domestic and global, is the underlying, continuing credit expansion.
Blaming the euro will not save Italy. Italy’s problem is political spending — the same problem that this new budget is going to greatly increase.
We have been hearing from central banks that we were living in a synchronized growth territory. Well, it wasn’t the case.
Daniel Lacalle and Jeff Deist discuss why all of us have a stake in seeing central bank balance sheets shrink.