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Tag: economics

German Minister Turns to Immigration to Shore up Workforce Supply

Tristan Vanheuckelom January 15, 2022

According to the German Economic Institute, statistics from the European Population Projection, the EUROPOP, indicate that, in absence of any migration, the number of 20 to 64 year olds (working ages) could be 11.2 percent lower in 2030 than in 2020. The EU average, the organization claims, would be only 6.9%.

Turkey: A Textbook Example of Bad Inflation Policy

Sven R. Larson January 12, 2022

High and rising inflation has put yet more pressure on the Turkish lira, but instead of making the hard choices to curb inflation, the response from President Erdogan’s government is likely to aggravate the situation.

The Euro at 20: A Failed Experiment

Sven R. Larson January 10, 2022

The common currency was a gigantic economic experiment, an application of political preferences rather than the product of sound scholarly research. As is always the case with grand government plans, for every problem they solve a new one is created.

A Preliminary Look at the Spanish Government’s Recovery Fund Spending

Carlos Perona Calvete January 7, 2022

Spanish political life will polarize around those offering policies that have straightforwardly led to present difficulties, and those whose program has promised to drastically reduce a state whose regional level is notoriously hypertrophic and reindustrializing the country. VOX is the most obviously poised to take advantage of this. 

Brexit Worked: British Economy Leaves EU Behind

Sven R. Larson January 4, 2022

The British economy has been largely unaffected by its exit from the European Union. That is not to say there will not be other repercussions; there is an ongoing debate about the future of the financial industry in London, with the implication that the British capital may lose its status as a global hub for the financial industry.

Inflation: A Silver Lining

Sven R. Larson December 30, 2021

Central banks are recognizing that their own sustained monetary expansion has now awoken the sleeping giant of inflation. The goal now is to avoid trapping us in the same protracted inflation period we experienced 40 years ago. 

Quo Vadis, Europe? A Choice between Democracy and Freedom

Sven R. Larson December 23, 2021

How could an ‘innocent’ citizens’ initiative for democracy bring about powers of government that would pose any threat to our freedom? To answer this question, we first need to remember that freedom is not only lost to boots and bayonets. We can, actually, vote away our own freedom. By giving up our rights to government, small slices at a time, we can lose control over our lives just as definitively as if it happened through open oppression.

Macron’s Euro-Vision: More Brussels and More Debt

Sven R. Larson December 20, 2021

President Macron wants the EU to reform budget rules to increase public-sector investments, which, he hopes, would lead to stronger economic growth and higher levels of employment. Macron’s vision is understandable, but his reforms are likely to defeat their own purpose.

‘Make it Matter’: Funds and Folly in the European Recovery

Carlos Perona Calvete December 17, 2021

The European Commission’s promotional material makes ‘Next Generation EU’ comes across as oddly remote from the task of actually facilitating Europe’s next generation. Nor is it meant for a specialized audience, as it lacks any reference to how one might actually procure the product being advertised—namely, funding.

Portugal’s Budget Crisis: A Gordian Knot of Conflicting Policy Goals

Sven R. Larson December 14, 2021

At the heart of Portugal’s budget deadlock are three policy goals: economic growth, a balanced budget, and more funding for the welfare state. The conflict between these three goals is not unique to the Costa budget, nor is it unique to Portugal. This is a Europe-wide volcano that happened to erupt in Portugal, and has led to an attention-grabbing political crisis. 

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