The European Central Bank interest rate has been set as high as 4% which is a record interest rate since the 2007/8 credit crisis. The premise justifying this high interest rate is that the previous practice of setting the interest rate at zero, if not negative, rates caused a massive […]
Tag: free market
Freedom for who and what: Argentina’s Milei
In December 2023, Javier Milei took office as Argentina’s new President, elected with 55% of the vote, following the inability of the Peronist alliance to provide decent well paid jobs, an affordable cost of living, a stable economy and decent services. Milei followed the Trump formula of critiquing a corrupt […]