Essays & News

The Biden administration appears happy with the performance of “Bidenomics” over the last several years; the stock exchange is rising and unemployment is low. However, this was achieved by injecting massive liquidity into the United States economy. The price for that has been the accumulation of huge additional debt and rising inflation. A visit to the […]

  Javier Lanari, Milei’s Media Sub-Secretary, claimed that Argentina’s annual inflation dropped from 17.0% to 8% in record time. This statement has been heavily promoted by Milei’s administration, likely for political reasons—face-value numbers are easy to market as a success. However, I question the use of these figures, as well as Lanari’s enthusiastic yet premature assertion that […]

  A year has passed since Turkey’s government made an important shift in economic policy, followed by additional orthodox monetary steps, and the encouraging results may offer President Recep Tayyip Erdogan a path to retain the presidency for years to come. The question is whether he will ride on a wave of improving economic indicators […]

For the first time since the war began, Ukrainian boots are on Russian soil. Troops crossed the border, invading Kursk Oblast, capturing several villages and advancing up to 30 kilometers. According to Ukrainian President Volodymyr Zelenskiy, Kyiv is pushing “the war out into the aggressor’s territory” and demonstrating its ability to “restore justice and exert pressure on the aggressor.” He also […]

  The European Union is seeking to make it more difficult to circumvent its sanctions regime. The 14th package of its sanctions against Russia, in force since June 25, 2024, is designed to increase liability risks for companies that have avoided the previous rounds. By the end of the year, the measures will apply to […]