Tag: economics

The Economics of Budget Deficits

Government officials have carefully ignored the need for more fiscal conservatism. Looking at the threat of a new debt crisis, investors and taxpayers alike expect nothing more spectacular from their current leaders than a new round of put-out-the-fire austerity packages.

Stagflation Alert!

There are three reasons why stagflation is happening. The most compelling evidence is in some unique data that economists often ignore.

Conservative Success in Two Charts

We conservatives often identify ourselves by a set of principles and values: we honor family, faith, country, and tradition. The emphasis varies, with nationalism being

Spanish Government Manipulating Economic Statistics

While the INE showed a Spanish economy that started to slow at the end of 2021, the government has maintained that the recovery continues at a substantial rate. This move intensifies a pattern of the current government to control, or attempt to control, independent institutions.

Perfect Storm: Debt Crisis and the Liquidity Trap

In the face of a new debt crisis, the Bank of England, the Federal Reserve and the ECB cannot return to buying large amounts of sovereign debt. The central banks saved indebted governments a decade ago. They can’t do it again. But there are other means at their disposal.

Finally: Europe’s Economic Recovery

Compared to the American economy, Europe is slow to get through the post-pandemic recovery, but these GDP numbers show that it is actually happening—almost everywhere, that is. The paltry numbers out of Germany, Italy, and Spain, three of the largest economies in Europe, tell us that these three countries have become a drag on the European economy.

Joining the Euro: Stern Advice for the Croatian Government

As Croatia’s lawmakers enter the final stretch toward euro membership, it is essential that they understand exactly what happened in Greece, and why. In five short years, 2009-2014, the Greek economy imploded: one quarter of it vanished. This was a direct result of the austerity packages that the EU and the ECB forced upon the government in Athens. What will Croatia do to avoid ending up in the same trap as Greece?

Davos: No Talks about the Looming Debt Crisis

A debt crisis sweeping across both continents has the potential of bringing about a new global depression. Governments have no room to use fiscal policy to mitigate the crisis; their monetary policy capabilities have already been depleted in responding to the recent pandemic. Yet there was no mention of this threat in Davos.