
Fiscal Forecast: Europe’s Big Economic Problem
Europe is stuck in unending economic stagnation. Everything suffers, from family budgets to health care to green policies. But there is a way back to growth and prosperity.
Europe is stuck in unending economic stagnation. Everything suffers, from family budgets to health care to green policies. But there is a way back to growth and prosperity.
With a little bit of bad luck, Europe could soon face rising inflation again. How can we stop it? Is the gold standard the answer? We explain why not.
Americans for Tax Reform have a new spending reform project. Will it work? Is it ‘conservative enough’? We have the analysis.
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?
A sensational statement by the Federal Reserve reveals how we are setting ourselves up for another destructive inflation episode.
Transforming conservative theory into policy takes a lot of work. The concept of the ‘social market economy’ is a good tool to make that happen.
The long list of social benefits in the U.S. operate on a socialist ideological basis: they elevate the standard of living of the gainfully employed with lower incomes and have higher-income citizens pay for it.
Despite clear and unwavering opposition to socialism, the conservative movement remains reluctant to dip its toes into the debate over the welfare state, the foremost vehicle for socialist policies in democratic countries.
In practice, the merger between mainstream Keynesian economics and welfare-state policy was exactly what drove most of Europe into its current state of stagnation.
You don’t make promises you can’t keep. Nor do you keep an economic structure that can’t promise growth and prosperity.