How Crazy Do You Have to Be to Support Dollarization?
Javier Milei, the frontrunner in the Argentine presidential elections, has officially tapped Emilio Ocampo to head Argentina’s central bank (BCRA). Ocampo and I co-authored the now-famous dollarization proposal that Milei has been championing. If Milei is elected, Ocampo will be the next (and hopefully final) president of BCRA. Under Milei’s presidency and Ocampo’s leadership at […]
Investors’ enthusiasm for Japanese stocks has gone overboard
Foreign visitors have come flooding back to Japan since it reopened to travel in late 2022, making up for three years’ absence during the covid-19 pandemic. The weakness of the yen has produced some bargains for these recent arrivals. For the first time in a much longer period, investors are similarly excited about the bargains […]
Sri Lanka shows how broken debt negotiations have become
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. For sri lanka’s politicians September 27th was meant to be the light at the end of the tunnel. After more than a year of economic free fall—in which the former president fled protests, gdp shrank […]
America’s Federal Reserve could soon be flying blind
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. One of the most anodyne phrases a central banker can utter is that they are “data-dependent”. It is a sophisticated way of saying that they do not know the future, and so will wait and […]
The costs of Russia’s war are about to hit home
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Read more of our recent coverage of the Ukraine war Over the past year few currencies have done worse than Russia’s rouble. Last September an American dollar bought just over 60 of them. These days it […]
Online Dating in the Modern Era
The world of online dating has revolutionized the way people connect and find love. With the advent of technology, individuals no longer need to rely solely on traditional methods of meeting potential partners. Benefits of Online Dating Convenience: Users can access profiles from the comfort of their homes. Variety: Platforms offer a vast pool of […]
Cuban Troops Fight for Russia
Cubans are no strangers to Western sanctions and aggression. Around 72% of Cubans live below the poverty line. “You can be a nuclear physicist and still die of hunger here,” one man told Politico, adding that he could not even afford toilet paper on his salary. Food insecurity remains a serious problem. GDP is expected […]
Background for Tonight’s Republican Debate
You don’t have to study federal budget data closely to know that the only way to reduce the huge budget deficits over the next 10 years, while avoiding tax increases, is to cut the growth rate of spending. The Congressional Budget Office estimates that federal spending in 2023 will come in at a whopping 24.2 […]
U.S. Latino economic output grows to $3.2 trillion, new study says
The U.S. Latino economy continues to grow, reaching $3.2 trillion in 2021, up from $2.8 trillion the year prior, according to a new report by the Latino Donor Collaborative in partnership with Wells Fargo. Over the last decade, the U.S. Latino economy has grown two and a half times faster than the non-Latino equivalent, surpassing […]
