Tag: Inflation

The U.S. Congress should consider switching from a federal debt ceiling as a nominal value to one fixed as a percentage of GDP. This debt ceiling should, on the one hand, be high enough that the government cannot reasonably cross it, but punitive enough that it disincentivizes profligate spending. This will save the U.S. from the annual political theater that occurs around debt ceiling talks and focus the discussion on the federal budget (and potentially taking revenue and spending decisions to actually control the deficit)…

There are some simple life lessons in business: It is hard to be liked by all people and it is hard to be liked all the time.  Leaders at central banks and investment firms know this very well… today’s economic crisis will likely end with a simple reminder of these lessons…

The Russia-Ukraine conflict is worsening a food crisis in the North African region, as Ukraine and Russia are leading exporters of agricultural products to North Africa, while also forcing countries to do a geopolitical dance to avoid picking a side, especially when the countries have military and diplomatic ties to either Russia or the US or sometimes both countries. The conflict also presents opportunities for exporters who can fill gaps in the global supply chain, in particular energy…but then again, those gaps are the result of both economic and political challenges with the political challenges never being so simple to solve.

Argentines are struggling with covid-19 and a three-year recession. The government currently completed a $65 billion restructuring and now wants to tax its way out of a recession…