Unpacking the Assumptions Behind the Mar-a-Lago Accord

Unpacking the Assumptions Behind the Mar-a-Lago Accord

Tariff models relying on complex assumptions offer an extremely limited and entirely misleading view of economic realities.

Devaluing The US Dollar: How to Make America Poorer Again

This article was originally publisehd by Daniel Lacalle at The Mises Institute.  In recent days, we have read numerous articles about a possible agreement between the US administration and its main trading partners to devalue the US dollar. It has been named “The Mar-A-Lago Accord”, a concept inspired by the Plaza Accord of 1985, which aimed to devalue the US dollar to address trade imbalances. That plan failed. The objective, according to the f…

The False Promise of the "Mar-a-Lago Accord"

'American disease' and the trade war endgamePutin has Ukraine, and Xi has Taiwan. Without playing down the worrisome nature of Trump’s rhetoric toward Greenland and Canada, meanwhile, the real object of his revanchism is nevertheless the Bretton Woods II system of finance and trade. The reserve currency status of the US dollar defines today’s world, spanning global trade, investment, and security. It undergirds both domestic populism and oversea…

Are We Headed to the Mar-a-Lago Accords?

The Trump Admin has made clear that they end game for tariffs is a total restructuring of the global economic order. As countries start to come to the negotiating table, are we headed for a Bretton Woods 2. 0? A Mar-a-Lago accord? Sponsored by: Ledger Ledger, the world leader in digital asset...

Devaluing the U.S. Dollar: How to Make America Poorer Again

by Daniel Lacalle Mises.org In recent days, we have read numerous articles about a possible agreement between the US administration and its main trading partners to devalue the US dollar. It has been named “The Mar-A-Lago Accord”, a concept inspired by the Plaza Accord of 1985, which aimed to devalue the US dollar to address trade imbalances. That plan failed. The objective, according to the financial media, would be to weaken the US dollar, boo…