Does the debt wall exist ?
The public debt wall is the feeling of excessive constraint limiting the government’s ability to carry out its policies. Too much debt would limit its capacity for action. Public debt…
Philippe Waechter's blog
Three Questions for Back to Work – Part 1
The new school year is upon us, and with it a whole series of questions about the evolution of the global economy and each of its components. As a European,…
Culture at the heart of the economic system
Culture is the key to understanding the process that led to the Industrial Revolution. This is the theme of Joel Mokyr’s book, “The Culture of Growth.” His message is that…
What effects have recent trade agreements had on the United States?
Summary of an interview with Radio Télévision Suisse So far, the effects are still moderate. There are several reasons for this. Donald Trump’s recent announcements setting tariffs at 18.3% (Source:…
The European Union in the American trap
The European Union and Japan are fighting the same battle. The tariff is the same (15%), the exception on steel and aluminum is identical at 50%, the market is opening…
See you at the beginning of August
Well, this is my last post of the season. I’ll resume at the beginning of August. But if current events allow, I’ll dip my pen back into the inkwell. These…
What is a trade deal?
Since Donald Trump’s arrival in the White House, there has been talk of “trade deals.” Trade deals are needed, although the term is not clearly defined.According to conventional wisdom, a…
The dollar at risk of chaos
The Financial Times noted that the dollar’s first half was the worst since the first six months of 1973. At that time, the greenback’s value, measured against the six largest…