The Big Fiscal Stimulus Coming From The EU
Countries with very large current account surpluses like Germany and the Netherlands save too much and invest too little, risky when growth slows. Add to that negative yields, budget surpluses, […]
Will Trump Be The Next Ronald Reagan?
Can Trump do a Reagan? We have to wait for further details of his tax plan and see what survives Congress. However, we have to point out that there are […]
The Limits Of Free Money
Investors have been much more savvy about how economies behave under excess savings than many policy makers and observers. While investors piled on and made a killing, many policy makers […]
Boom Time For Liberals
The existence of excess savings over investment produces an economy that works differently. It basically enables the public sector to increase spending for free. This is most visible in the […]
Self-defeating austerity?
Their argument is that in the current environment of near-zero interest rates, fiscal deficits are unusually cheap to finance and monetary policy is not going to move to offset much […]
No economic growth in the Netherlands for seven years
Top economists Rick van der Ploeg en former minister Willem Vermeend argue that the Netherlands hasn’t grown in seven years and this is unprecedented. They blame the 46 billion euro […]
BBC News – IMF: US budget cuts ‘ill-designed’
IMF: US budget cuts ‘ill-designed’ The International Monetary Fund (IMF) has urged the US to repeal the huge federal budget cuts introduced this year, denouncing them as “excessively rapid and […]