Milton Ezrati

European sales in America enjoy a cost reduction, whereas American sales in Europe pay the value added tax. From this perspective, Trump has a point.

Europe’s fate hangs—more than it should—on Italy’s February 24 election. So does the stability of global financial markets. If the vote goes the wrong way, toward former Prime Minister Silvio Berlusconi’s People of Freedom Party or the antiestablishment Five Star Movement, the strains on Europe’s common currency will stretch to the breaking point and the […]

“It is simply silly to worry that a foreign firm would buy production facilities in the United States and then deny American buyers access to the output.” To note that Washington’s policies often contradict each other is as commonplace as announcing that the sun rises in the east. Nonetheless, some instances are general enough and […]

“It is simply silly to worry that a foreign firm would buy production facilities in the United States and then deny American buyers access to the output.” To note that Washington’s policies often contradict each other is as commonplace as announcing that the sun rises in the east. Nonetheless, some instances are general enough and […]

After a sequence of policy errors, Beijing finds itself in a weakened economic position generally and in an especially poor position to face new tariffs from the incoming Trump administration.

People and companies in China—indeed in business communities around the world—have eagerly embraced Beijing’s promises to enact policies that will restore the nation’s economic momentum. However, disappointment has always followed. It is beginning to look as though China’s leadership simply does not know what to do. This conclusion is entirely plausible since China’s economic and […]

Proposals for a federally based sovereign wealth fund (SWF) have emerged almost simultaneously, though separately from the Biden White House and the Trump campaign. Such pools of money usually invest dedicated revenue streams for the public’s benefit. They have been around for years, mostly in oil-producing nations, to offer income after that time when the […]

A U.S. sovereign wealth fund would put large chunks of the economy under effective government control and diminish Congress’ power over the executive.

There is no “tipping point,” after which the national debt will spiral out of control. Nevertheless, its relentless and excessive growth will slowly paralyze the American economy.

The former European Central Bank president correctly identifies many of the EU's economic weaknesses. His solution, however, relies too much on rigid industrial planning.