Tag archive for ‘deficit’
Europe’s Policymakers are rushing towards the Edge of the Cliff
Lemmings are cute, family-oriented, apparently well-adjusted creatures who, most of the time, live more or less happily in the tundra. Although it is an urban myth that they commit collective suicide to control population, they certainly experience periodic mass frenzies. Driven by some deeply rooted instinctive yearning, they swarm off in search of salvation, looking [...]
The End of Social Europe?
As a further round of economic crisis unfolds, many European social democrats seem frozen like a hare in a car’s headlights. They have nothing new to say about how to deal with fiscal deficits – except that the cuts must not occur all at once and that the most vulnerable must be shielded. Otherwise, economists [...]
The Greek Aftershock – Will it Make or Break Europe?
After the earthquake come the aftershocks. That is a law of geophysics, and now apparently of economics. Well over a year ago, the world economy suffered a massive economic quake of 8.0 on the Richter scale. Since then different countries have been experiencing a number of aftershocks. Two aftershocks have grabbed headlines, one recently in [...]
We need a Patient Explanation of Sensible Keynesianism
The political debate in the UK is now all about the size of the state. A recession kicked off by the greed and risk taking of the bankers and financiers has been allowed to flip into a war between the parties about how much public services can and should be cut as we look down [...]
