To the opposite of what we frequently hear, the end of inflation is good news: it will not announce a long stagnation period but corresponds to the new situation of developed economies. It can lead to a long phase of prosperity if consequences have been identified and appropriated policies have been adopted.

Among the causes of inflation first appears, in theory, the supposed scarcity of raw materials and the difficulties to adjust supply and demand. Even if we don’t come back to the pessimistic assertions of the “Club de Rome” which, in the middle of the Seventies, maintained, without ...

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Anglo-Saxon media enthusiasm about France is good news. It breaks with the pessimistic and even alarmist forecasts of international institutions about the situation of the world economy.  Imbalances and excessive indebtedness of public and private agents are making to fear the worst, especially regarding China. So, 2018 would carry the risk of a new and major international crisis. We should not be surprised. Economists as these major institutions didn’t put us on our guard just before the 2007-2008 crisis and they took a lot of time to understand what was going on. They don’t want to be accused ...

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The abandon, by the French government, of the objective included in the energy transition Act of a 50% limit in 2025 of nuclear plants in the power production is a first important signal of a coming back to reality. That objective was impossible to attain, except if natural gas-powered plants were built to guarantee the country energy security. EDF will obtain the necessary prorogation of the life duration of its power plants by far above 40 years, if the appropriate investments are made and approved by the Safety Authority. This political turnaround shows that France has, at last, understood that ...

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