In the Financial Times, Martin Wolf noted a few days ago that imbalances in international trade are back on the political agenda. Although Wolf reaches entirely reasonable conclusions regarding mercantilism, he nevertheless states that it is nonsense to claim that the US trade deficits can be eliminated solely through trade or exchange rate policy. …
It is hard to believe the sort of things being circulated about Argentina and its libertarian president. The article that Patrick Kaczmarczyk and I wrote some time ago has generated a particularly strong response. Some (such as Poschardt and Stelter, …
Heiner Flassbeck and Patrick Kaczmarczyk
Things have gone quiet around Argentina. The mainstream European press, which euphorically celebrated the president with chainsaws during his election, has largely remained silent two years after that election. Isolated reports of success, such as those published by the Friedrich Naumann Foundation for Freedom in December 2025, …
Mercosur is on everyone’s lips. Wouldn’t the free trade agreement with several countries in Latin America be a golden opportunity to get one over on the USA? Couldn’t a new source of prosperity be tapped with the South Americans? But why has it taken over twenty years to seize this unique opportunity? …
