By Thomas Hoenig, courtesy of the Mercatus Center The federal government and the Federal Reserve have implemented unprecedented spending and monetary policies to combat the economic crisis resulting from the COVID-19 pandemic. These policies, while necessary in the short term, place an ever larger mortgage against the nation’s future income; and extending them […]
By David Shiels, courtesy of Open Europe Tomorrow the House of Commons will sit for the first time on a Saturday since 1982. MPs will have the opportunity to approve or reject the revised Brexit deal, which was published by the Government and the European Commission yesterday. In a press conference on […]
“How much space for fiscal expansion? Germany falls victim to ‘output gap nonsense’” By Philipp Heimberger, courtesy of WIIW The German economy is in a downturn. The growth rate is currently among the lowest in the euro area, and numerous economic research institutes have revised their forecasts downwards. German industry is already in recession. In […]