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The implementation of central bank digital currencies as the primary medium of exchange would exacerbate the flaws of our current fiat system which encourage banks to overextend credit and create liabilities that they cannot redeem. This will worsen the already recurring cycles of financial crises, writes Vibhu Vikramaditya. The Bank of England recently proposed a […]

  The illusion that we understand the past fosters overconfidence in our ability to predict the future.   Daniel Kahneman Daniel Kahneman was best known for his work on hedonistic psychology, the psychology of economic decision-making and also for debunking the notion of homo economicus or the economic man. Together with Vernon L. Smith (a […]

  The message in today’s media is that the West is heading toward war with Russia. Politicians are now joining in. The President of the European Council, Charles Michel, has been very direct on that point. French President Emmanuel Macron has echoed him recently. Germany’s Chancellor Olaf Scholz is petrified of provoking Russia. And Europe […]

Despite swiftly balancing the budget and lowering the inflation rate two months in a row, concerns continue to grow around Milei’s economic plan. Why are new positive economic results faced with increasing uncertainty? Inflation and the “Plan Platita” Let’s start with inflation. During the presidential campaign, Sergio Massa, the kirchnerista presidential candidate, and Minister of […]

It has been four years since Covid-19 began, and with it, the painful shutdowns worldwide that unleashed havoc on global supply chains. Since then, while uncertainty in global trade has not disappeared and geopolitical tensions continue to ebb and flow, the cost of trade and supply-chain bottlenecks have eased and deliveries have largely returned to […]