Euros & Dollars: Fiscal Muscles for Brussels, Part I
In a nefarious attempt to grab power, the EU keeps pushing for its own tax revenue—and to be allowed to spend a lot more money.
Sven R. Larson
January 4, 2024
It is dubious that Spain’s likely PP-led government will allow VOX to steer it away from its commitments to the UN’s 2030 Agenda, or away from acting like a slightly less ‘woke’ PSOE.
As farmers lead backlash against environmental regulations, the political Right is poised to capture their vote.
Little did we know that, by 2020, the pandemic was almost two decades in the making. The Sunday Times’ investigative report tells an incredible tale of American money, Chinese secrecy, and unrestrained human hubris.
There was a lot of media attention recently to Germany being in a recession. The only problem is that those who said so, were wrong. Here is why.
How is NATO going to respond to the problem with its rapidly depleting stockpiles of military hardware? They can’t spend more money.
Judging from the comments by central bank president György Matolcsy, Hungary could join the euro in 2030 or soon thereafter. Would such a membership be good for Hungary?
There are those who want to force humanity into ‘degrowth.’ That is a dangerous path to go down, and it is unnecessary. Our capitalist economy is becoming more and more efficient over time. In short, it is doing more with less.
Can the U.S. government and its allies prevent a determined group of countries from de-dollarizing and significantly hurting the U.S. economy in the process? How would de-dollarization be affected if the unthinkable happens and Russia wins in Ukraine?
The new debt-ceiling deal has its merits, but it also kicks the big spending reform can down the road. It also ignores the broader threat to the U.S. economy: de-dollarization. On that front, there is one event that could end dollar hegemony with one stroke of the pen.
Les Républicains wants to appear to be in tune with the state of French public opinion, which demands rigour and firmness in the management of immigration.
In 2022, a decade after Geir Haarde’s impeachment trial, Iceland is again amongst the most prosperous and peaceful countries in the world.
If neither wages nor energy prices can explain why the ECB is right in being concerned about persistent inflation, then what can explain it? There is a candidate that nobody wants to talk about: taxes.
