Tag: fiscal forecast

Why the Czechs Should Reject the Euro

On the surface, everything looks good for the Czechs to join the euro. But look a bit closer, and the picture changes dramatically.

EU Debt Crisis: Germany Leads the Way

The German government again suspends its debt brake. So far, their country has been saved by its formidable export machine. Those days are gone.

Fiscal Authoritarianism

When government centralizes control over social benefits, it can easily cross the line from democracy to authoritarianism. These three examples, from Russia, Europe, and America, have too much in common for our own comfort.

Moody’s Opens Path to U.S. Fiscal Crisis

The latest report on the U.S. government’s credit worthiness is nothing short of fiscal and political dynamite. It should put Congress and President Biden on full alert.

Credit Crunch Spells Bad News for Europe

Europe’s banks are in credit-crunch mode. The ECB’s decision to keep interest rates unchanged is meant to help, but it also raises the white flag on inflation.