The G-7’s Reckless Commitment to Mounting Debt

The G-7’s Reckless Commitment to Mounting Debt
(L-R) Canada's PM Justin Trudeau, European Council President Charles Michel, U.S. President Joe Biden, Japan's PM Yoshihide Suga, UK PM Boris Johnson, Italy's PM Mario Draghi, France's President Emmanuel Macron, European Commission President Ursula von der Leyen, and Germany's Chancellor Angela Merkel pose for the family photo at the start of the G7 summit in Carbis Bay, Cornwall, on June 11, 2021. Leon Neal/Pool/AFP via Getty Images
Daniel Lacalle
Updated:
Commentary

Historically, meetings of the largest economies in the world have been essential to reaching agreements that would incentivize prosperity and growth. That wasn’t the case this time.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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