Economics and politics - comment and analysis

Argentina: Devaluation and American interference, but no progress otherwise

No sooner had Javier Milei won the congressional elections with the help of unprecedented American interference in the election campaign than the libertarians regained the upper hand and once again celebrated the Argentine president’s economic successes, which do not even exist. …

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Debt brake and sectoral financial balances – an unknown but crucial connection

22. September 2025 I Economic Policy, Economic Theory, Europe

A 15-member scientific and political commission is currently beginning its work in Berlin with the aim of making proposals on whether and, if so, how the German debt brake can be reformed. Surprisingly, not one of the 15 people appointed by the Federal Minister of Finance has ever attempted to analyse and discuss the government’s debt balance as part of a larger context at the macroeconomic level in their scientific or political work. …

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