Daniel Lacalle
- Indexed articles, last 90 days
- 5
- Latest publication
- Aug 27, 2026
- Outlet visibility, for The Epoch Times
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- Jul 5, 2026
Latest articles
US Debt Matters, but the Euro Area May Create the Next Crisis (opens the original)
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The $40 trillion U.S. debt has dominated global headlines. However, although the U.S. fiscal challenges are relevant, we must remember an important lesson: Fiscal policy is not about who wins, but who loses first. According to official 2026 estimates, the present value of U.S. Social Security and Medicare financing gaps is about $95 trillion over 75 years, roughly 5 percent of the cumulative present value of projected gross domestic product (GDP) over that period, on top of federal debt held by
Americans Are Falling Into the Socialist Trap by Blaming Capitalism Instead of Statism (opens the original)
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Americans are falling into the socialism trap by not realizing that solving big government problems with an even bigger one is dangerous. Many blame capitalism for their affordability problems, when the true cause is statism. Statism is the gradual replacement of civil society, markets, savings, and individual choice by political control, public spending, regulation, taxation, and monetary intervention. The predatory state that I discuss in my book “The New Global Economic Order” represents the
European Wildfires, Net-Zero Stagnation, and the Great Industry Displacement (opens the original)
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Europe’s wildfire crisis has also exposed the failure of public spending rhetoric unsupported by effective land and forest management. European Union governments spent 40.6 billion euros ($46.8 billion) on fire protection services in 2023. In 2022, the total expenditure stood at 37.4 billion euros ($43.1 billion). The European Court of Auditors discovered that spending oversight was incomplete, results monitoring was weak, and there was no assurance that the most impactful actions received finan
Another Fed Rate Hike Would Be a Serious Mistake (opens the original)
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The latest U.S. inflation report and jobs data do not justify another interest rate increase. Additionally, June data show that inflation is slowing down, especially in the core consumer price index (CPI) measure that is most closely watched by monetary authorities, while ongoing tightening is stopping the labor market from reaching its full potential. Hiking rates while maintaining elevated liquidity harms families and small businesses and perpetuates the very factors that drive inflation, incl
How Iran Destroyed Its Credibility as a Supplier (opens the original)
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Iran’s swelling floating oil stockpile is the evidence of a deeper problem. The country has become an unreliable, opaque, and politically fragile supplier whose barrels are increasingly treated as distressed cargoes rather than a dependable energy supply. As of July 1, more than 58 million barrels of Iranian crude and condensate were sitting on the water, according to Kpler. More than 90 percent of those volumes had no clear destination, with many tankers marked only as “for orders” or assigned
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