"After 1922, the people that had supported independence often weren’t the ones who benefited from it."

"Daniel J. Arbess thinks central banks’ quantitative tightening could have dire consequences for fiscal and debt sustainability."

Effects will be felt for many years to come! "The first casualty of war is truth. Leaving aside for now the most dreadful casualties – human life, health and dignity – the second casualty of any war is public finance. This is particularly _...Read More_

'Low-income Americans are struggling to make ends meet. Middle-income Americans are experiencing a fall in real wages and erosion of their savings. The more well-to-do are increasingly concerned about the true value of their high-flying _...Read More_

"Not only does government lack incentives to make sure money is well spent, it also has many incentives that encourage money to be spent poorly."

This is going to come off like I timed it, but out today is a new report on monetary policy alternatives to interest rate hikes, and more generally the MMT alternative way of thinking about demand and price management.

>"Current plans not fit for purpose amid squeeze on families, says Institute for Fiscal Studies"

"While the Indonesian economy seems to have passed the worst of the COVID-19 pandemic, its future trajectory remains unclear."

>"The stagnant fiscal space and mounting debt repayment requirements pose enormous challenges to long-run fiscal..."

>"If the economy grows strongly despite the steep fiscal drop-off, Keynesian principles may no longer apply to the U.S. economy, if they ever did."

"A recent New York Times story sheds light on why recent big infrastructure projects are characterized by cost overruns and years of delays."

"Critics are claiming the American Rescue Plan was too ambitious as fiscal stimulus. The data suggests today's inflation is due to the speed with which the economy is adding jobs, not the number of jobs added. As such, critics are really _...Read More_

"On several occasions, President Biden and high-ranking officials in his administration claimed the current bout of inflation was “transitory” and would subside sooner rather than later."

"National Treasury’s strategy to overcome South Africa’s chronic fiscal crisis rests on highly uncertain political and economic foundations."

""While the economic implications of this proposal are sufficiently flimsy to discount its claimed purpose of revenue generation, the _...Read More_