The Politicization of Climate: Whitewashing Interventionism
If we want a true alternative that improves the environment, reduces emissions and strengthens global welfare, it will only come from the free market. Historical evidence and economic incentives show us that interventionism and socialism never protect the environment, they only use it as a subterfuge to increase control of the economy while subsidizing polluters under the excuse of “employment” using the term “strategic sectors.”
- 01/10/2019
- 5
Will Merkel’s Green Plan Work?
A few months ago we commented that there will be no energy transition without competitiveness, and given the proposal of Germany to carry out another huge green plan, the European Union faces the opportunity to correct the mistakes made in the past with the wrong subsidies and policies. An opportunity to strengthen the economic fabric of the eurozone. However, the risks of repeating the same mistakes are not small.
- 23/09/2019
- 4
Analysing the Economic Impact of the Saudi Arabia Oil Attacks
The drone attacks on Saudi Arabia had an important impact on the country’s oil infrastructure, but we should not exaggerate its impact on world supply.
- 20/09/2019
- 8
Why The ECB Should Raise Rates
Negative rates are likely one of the reasons behind the lacklustre European growth. Negative rates have worked as a tool to transfer wealth from savers to the indebted governments that have abandoned all structural reforms, while these extremely low rates have also perpetuated overcapacity, incentivised the refinancing of zombie companies and effectively worked as a disguised subsidy on low productivity. Not only those measures have damaged banks, but they have also created very dangerous collateral impacts (read “Negative Rates Have Damaged Banks But This Is Not The Worst Effect”).
- 09/09/2019
- 5
A Currency War Will Only Weaken Growth And Strengthen Gold
A few months ago many of us read about the conspiracy theory of “the nuclear option”, according to which China could generate a huge debt crisis in the United States and destroy the US economy if it sold its treasury holdings. I have already commented on it here.
- 27/08/2019
- 7
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