Daniel Lacalle – X, Released on 1/12/25

Bond yields soaring, the evidence of the weakening solvency of public finances and the destruction of the purchasing power of the currency (inflation).

Only a drastic cut in spending solves this.

Graph via Bloomberg pic.twitter.com/6TJ5eFwJbt

— Daniel Lacalle (@dlacalle_IA) January 12, 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.