A new wave of mass migration has begun

Last year 1.2m people moved to Britain—almost certainly the most ever. Net migration (ie, immigrants minus emigrants) to Australia is currently twice the rate before the covid-19 pandemic. Spain’s equivalent figure recently hit an all-time high. Nearly 1.4m people on net are expected to move to America this year, one-third more than before the pandemic. […]

De-dollarization Has Begun: Redux | AIER

Last week’s article (“De-dollarization Has Begun”) produced a large number of comments and follow-up questions. Enough, in fact, that it feels necessary to address the most common of them in a follow-up piece. Some of these responses require a degree of speculation, while others are quite straightforward. Is the reduction in use (or complete abandonment) […]