“Very unlikely” current welfare system will survive the Covid-19 pandemic, says new IEA briefing By Dr. Stephen Davies, courtesy of IEA Radical changes to the welfare system are historically associated with major crises and events such as wars, civil unrest, famines or epidemics. There is no reason that it will this time be any different, says a new […]
Tag: social spending
France shows the results of 50 years of short-term politics, statism
“Why did France choose unemployment and debt?” By Patrick Aulnas, courtesy of Contrepoints For half a century, France has made an implicit choice: mass unemployment and public debt . The two elements are linked because the size of the state weighs heavily on the economy and harms its dynamism. Hyper-regulation and massive taxes hamper the functioning […]
Weekly Update: Hungary’s Economic Miracle
Hungary has economic virtues along with its much-discussed vices There’s a lot to be concerned about in Hungary, currently on the outs with other members of the EU because of Prime Minister Viktor Orban’s praise for “illiberal democracy,” prompting allegations that his government has strong-armed the news media and stacked the courts. These […]
It’s not too late for Argentina to reform
“10 measures that Libertad y Progreso proposes for the first 100 days of Alberto Fernández presidency” Libertad y Progreso The measures taken during the first 100 days will determine the viability of an orderly solution of the public debt and the recovery of trust that will start a positive growth process. Only with a strong […]
“A European pillar in NATO is overdue”
“After the EU elections: Perspectives and priorities for 2019-2024” By Herman Van Rompuy, courtesy of the EPC EPC President Herman Van Rompuy delivered the following speech at the EPC Annual Conference on 6 November 2019 in Brussels. I want to talk to you today about European unity, European sovereignty and the future […]
Minimum wage hike led to less working time, higher prices in Germany
“Four years statutory minimum wage – an overview of the most important research findings” Courtesy of IAB It was the most radical reform of the German labor market since Agenda 2010: the introduction of the statutory minimum wage in 2015. At that time, science and practice contradicted each other in partly diametrically opposed […]
Welfare spending makes wealth inequality worse
“Welfare State Causes Wealth Inequality — Euro Experience” By Chris Edwards, courtesy of Cato Institute Democrats running for president are condemning wealth inequality while calling for an increase in social spending. But expanding social spending would magnify wealth inequality, not reduce it, because it would displace […]