Conservatives and GDP: On the “Need” for Immigrant Labor
Conservatism should emphasize the compatibility of valuing social cohesion at home over perverse incentives to allow mass immigration.
Carlos Perona Calvete
October 1, 2023
The downgrade by Fitch is a slap in the face for the French government, and especially for Emmanuel Macron.
The official story is that the U.S. economy grew by 1.1% in the first quarter. This number is heavily modified and tells us nothing. We have the real numbers.
Twenty years ago, Central Europe had the lowest birth rate in the EU. The region has seen the greatest improvement in recent years. At the same time, female employment is also at its peak, the at-risk-of-poverty rate is much lower, and real earnings are rising steadily.
While the EPP tried to reassure colleagues that the proposed legislation preventing child sexual abuse does not violate the personal privacy of EU citizens, many MEPs remain unconvinced, calling for different approaches.
The continent is decidedly moving towards the Right. This could mean that the current balance of power in Brussels could radically change in favor of the center-Right in 2024.
New data suggests an elevated risk for stagflation in Europe. Policymakers beware!
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.
