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.
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.
