America’s states are supposed to be sovereign jurisdictions. Yet when the federal government is their main source of revenue, how independent are they really?
Financial markets are important to governments that need a lot of tax revenue to pay for their welfare states. The problem with taxes levied on financial markets is that they generate unstable revenue.
The more a tax system relies on financial markets, the more volatile and unpredictable those tax revenues will become. There is no doubt that the U.S. government is experiencing that in real time in 2023.
As dangerous as TikTok is, it’s not the only Chinese creation that deserves closer attention.
With a welfare state that dominates their budgets, European governments are exceedingly vulnerable to a recession. When tax revenue declines and entitlements force governments to spend more, the inevitable result is larger budget deficits. What will the ECB do in response to that?
Did Macron speak in the name of Europe, or in the name of France? The key to Emmanuel Macron’s untimely declaration is perhaps to be found in his desire to conform to French opinion, still driven by an old Gaullist reflex.
If government size and employment rate had been the same in 2022 as they were in 2000, the cost of today’s government would have been $47,000 per employed person. That is a lot of money—until we do the same arithmetic with today’s government size and employment rate. Then the cost comes out to $59,700.
Ever since 2015, migration has been a central issue for most European nations. It is expected to become increasingly debated
The 2021 law on Comprehensive Protection of Children and Adolescents against Violence distorted the basic meaning of lawmaking, leading to human tragedies, economic abuse, and child alienation.
The final deal has “made the proposal even worse,” Swedish MEP Charlie Weimers said, denouncing it for laying the foundation for undemocratic migrant quotas while leaving the migratory pressure unchecked.
What is going on in the Mediterranean must be viewed through a much broader lens. Around the world, from southern Africa to South America, China is gaining control of an increasing number of ports.
Economic precariousness and a general assault on identity, from gender to nation, clear the way for the rise of a patriotic, pre-woke, pro-work Left.
The speech professor Tamames gave before Spain’s vote of no confidence presents VOX as the repository of Spain’s post-Franco, democratic general consensus.
Several news sources have raised the volume about a possible systemwide banking crisis. I am not going to contribute to that. In fact, we should all be careful about determining whether or not such a crisis is at hand.
Some MEPs want the EU to enforce an “adequate minimum income” across the union. They clearly have not considered the serious economic and moral price tag for their idea.
The government’s announcement to use article 49.3 of the Constitution has put the country in a state of fever. Now, the government runs the risk of being overthrown.
The Federal Reserve, eager to not let a good crisis go to waste, is using the SVB crisis to quietly turn on the money supply faucet again.
A sensational statement by the Federal Reserve reveals how we are setting ourselves up for another destructive inflation episode.
“Asking the Council of Europe to institute reform and correct direction is really like asking the proverbial fox to guard the hen house,” Dr. Joanna Williams, the author of the report argued.
El Salvador’s iconoclastic purge of MS-13’s occult symbols reminds us that these gangs transcend crime: they are upstart tribes looking to swallow nations.
Democrats see Russia as the devil, Republicans don’t, indicating how ‘America First’ transformed into a modern anti-war movement.
The bill is progressing in the Senate but is more unpopular than ever in public opinion. It crystallises a certain number of resentments plied against the president and his government.
Transforming conservative theory into policy takes a lot of work. The concept of the ‘social market economy’ is a good tool to make that happen.
There are growing signs that the United States is heading for a Greek-style fiscal crisis. It is not imminent, but close enough to cause real worries for anyone interested in the U.S. economy.
There is now a consensus among French politicians to tackle these serious problems that affect today’s excessively connected societies.
Conservatism is built on strong theory, but we need more conservative policy practice. It is difficult, but it can be done. Retirement reform is a good example.
It would not be an exaggeration to say that the Russian attack on Ukraine, which started a year ago, turned our world upside down. This is a summary of the war, and the lessons to be learned from it.
In three simple steps, Europe’s lawmakers can save the continent from stagflation and economic misery.
There must be a golden path between politics hijacking the freedom of information and rogue programs running amok on the internet. The outcome of this watershed moment in humanity’s history depends on our ability to find it.
Either we live with high-interest rates today, or we put our very prosperity in stagflation-driven jeopardy.
