“The MFF recovery plan breaks with a fundamental taboo” By Jorge Núñez Ferrer, courtesy of CEPS The European Commission has presented a proposal to amend the Multiannual Financial Framework (MFF) for 2021-27 of the EU budget – integrating a recovery plan as a post-Covid response. Many elements of the plan are clearly in line with the […]
Tag: deficit
Emergency COVID-19 Stimulus Programs Are a Short-Term Solution
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 […]
The G20 is a big deal again
“The revived centrality of the G20” By Suman Bery and Sybrand Brekelmans, courtesy of the Bruegel Institute A series of summits of governments and international financial institutions took place in April. Much was expected of these. They were seen as the opportunity for global financial leaders to provide authoritative guidance on the global response […]
COVID Bailout for the Postal Service: A First-Class Mistake
By Oliver McPherson-Smith and Steve Pociask, American Consumer Institute As the Beltway grapples with reviving the American economy amidst Coronavirus, the U.S. Postal Service (USPS) is asking for $85 billion in government bailout money to weather this crisis. But the costs inflicted by the virus are just a drop in the bucket when […]
With radical change, Argentina can turn this crisis to its advantage
“Taking Advantage of the Crisis: Three Steps for the Revolution Argentina Needs” By Federico Fernández, courtesy of Fundacion BASES Let’s be clear, the Argentine economy was already tumbling before we even suspected that a delicious bat soup would quarantine a third of Humanity. But there is also no doubt that the economic situation as […]
Emergency stimulus plan will cost billions
“A response to the Chancellor’s new package of support” By Carl Emmerson, Tom Waters and Xiaowei Xu, courtesy of the Institute of Fiscal Studies The Chancellor, Rishi Sunak, has today announced a substantial package of support that will incentivise employers to keep hold of their employees over the next few months […]
Will Paraguay Follow Argentina’s Economic Decline?
By Marcelo Duclos, courtesy of Panampost Although there was a moment in history when there was talk of the “Argentine miracle” (after the Constitution of Juan Bautista Alberdi) or the “German miracle,” after World War II (in one part, of course), I think we should mention another contemporary miracle: the Paraguayan one. It […]
Europeans take the Euro for granted
By Joris Melman and Giuseppe Porcaro, courtesy of the Bruegel Institute How can we understand citizens’ attitudes towards the euro and its politics? A previous research project studied narratives of the euro crisis and explored the blame game that marked these years. The study found part of the answer to why it has been so hard […]
Washington Beyond the Headlines: Tweak Tax Reform to Help Business
By Andy Blom, TES Washington Editor The once lazy southern city of Washington, DC is lazy once more. The Senate is out of session. The House is out of session. The President is out of town. The American people are breathing sighs of relief. And free market policy people just keep on working […]
Washington Beyond the Headlines: The PRO Act Is a Con
By Andy Blom, TES Washington Editor What a week…Impeachment…State of the Union (watch it here)…Iowa! Well, no matter how crazy the politicians make us, free market policy people keep working on issues and ideas that affect America, and the world. Read on for this week’s news… The PRO Act is a […]