Category Archives: Globalisation and Development

The Financial Times reports in an interesting article on the Argentine currency strategy. Apparently, President Javier Milei has decided to focus on the so-called anchor approach in the fight against inflation. An anchor approach means that you try to manage your own currency against a stable currency such as the US dollar in such a way that the depreciation of your own currency is significantly lower than the inflation differential with the anchor country. …

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These days, it is easy to see how a misunderstanding of economic processes can lead to enormous political conflicts. The tariffs that Europe, driven by the European Commission and its head Ursula von der Leyen, wants to impose on Chinese electric cars show once again that modern politics causes enormous damage because politicians do not even begin to understand the systems they are intervening in. …

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