Daniel Lacalle – X, Released on 5/24/25

Raising taxes is not a tool to reduce debt but to justify soaring spending and indebtedness.

It's time for governments to understand that soaring long bond yields are symptoms of the weakening solvency of sovereign issuers and their insane spending and indebtedness policies.… pic.twitter.com/ILERYRJXyi

— Daniel Lacalle (@dlacalle_IA) May 24, 2025

Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from the Central Bank Trap (2017). He is a professor of global economy at IE Business School in Madrid and Chief Economist at Tressis SV. Ranked as one of the top twenty most influential economists in the world in 2016 and 2017 by Richtopia, he holds the CIIA financial analyst title, with a postgraduate degree in higher business studies and a master’s degree in economic investigation. He is a member of the advisory board of the Rafael del Pino Foundation and Commissioner of the Community of Madrid in London. His work can be found here.