“Both parties have “abandoned fiscal restraint” in favour of more borrowing” By Prof. Syed Kamall, courtesy of IEA Today’s election speeches show both parties have abandoned fiscal restraint in favour of increases in public spending to be paid for through extra borrowing. The Labour Shadow Chancellor has pledged to more than […]
Tag: debt
Argentina’s New Look: Get ready for a haircut, bondholders
Argentina’s likely next president, Alberto Fernandez, has signaled his intention to “restructure” the country’s debt, meaning another selective default following the one already imposed by current president Maurico Macri in August. The terms currently proposed by Fernandez, who is widely expected to win the country’s next election slated to begin October 27, involve […]
Argentina needs major structural reform to prosper
Courtesy of Libertad y Progreso, via Xinhua Argentina needs to carry out a series of structural reforms, including in labor and tax matters, to return to the path of economic growth, according to an Argentine economist interviewed on Wednesday. Natalia Motyl, an analyst […]
Germany must finally spend more, very carefully and precisely
“Notorious” and “prudent” are not words often found together, but it is fair to say that Germany is notoriously prudent with its national finances, thanks to a longstanding rule requiring politicians to balance the federal budget — an unimaginable scenario in virtually any other country. The […]
TES Weekly Update: America needs a Space Force with teeth
Like it or not, space is already being militarized For those of us old enough to remember the Cold War — ah, simpler times, when all we had to worry about was the horrifyingly real possibility of nuclear annihilation at any moment without warning — the idea of the United States creating a real […]
Hold on tight, Argentina, you’re in for a rough ride
By Mercedes Colombres, Media Director, Libertad y Progreso (original) Economist Aldo Abram, the invited speaker for an exclusive breakfast for members of Libertad y Progreso, hosted at the Feirs Park Hotel with support from the Naumann Foundation, envisioned a difficult path for the […]
Why not cancel medical debts? Well, there are some reasons…
Democratic presidential hopeful and self-described socialist Bernie Sanders is upping the ever-mounting, rhetorical (read: probably B.S.) bids by Democratic candidates for the fickle affections of party’s left wing with a new proposal to cancel $81 billion in medical debts. The promise, […]
PRO Labor Act – a disaster in waiting, flexible parent leave & more: WASHINGTON BEYOND THE HEADLINES
By Andy Blom, TES Contributor At Last…Our Senators and Representatives are busy, energetic and hard at work! Unfortunately that’s because they are in recess and off trying hard to get re-elected. Never fear, in a few short weeks they will be back in Washington spending endless hours and countless taxpayer […]
WASHINGTON BEYOND THE HEADLINES: Heritage Blasts Debt, CEI vs. Carbon Tax, and more…
By Andy Blom, TES Contributor While the media screams about Mexico, Tariffs, The Mueller Report and Impeachment, free market conservatives are working every day on legislation, policy initiatives and practical approaches. Here’s a roundup of this week’s activity in Washington… Heritage Foundation Attacking the Debt. The Heritage Foundation has focused its […]
Down It Goes! Dutch Debt Fell (Really)
Low country indeed: as Italy prepares to dig itself even deeper into a fiscal hole, the Netherlands has somehow managed to reduce its public debt by 5%, almost unheard of in modern economies, according to Rabobank. The analysis notes: The Netherland’s current public debt, at 52.4% of GDP, is far below the Eurozone average of […]