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President Trump orders US manufacturers to move from China. What may have happened? Continue reading President Trump orders US manufacturers to move from China. What may have happened?
In June 2014 I wrote an article called Draghi’s Plan does not fix Europe. In that article, I explained that the structural challenges of the eurozone -high government spending, excessive tax wedge, lack of technology leadership and demographics- were not going to be solved by a round of quantitative easing.
Now, the evidence of the European Union leads the ECB to hint at another stimulus plan. Gone is the triumphalism displayed by of the European Commission on August 2017 (read). The “strong recovery” they credited to the “decisive action of the European Union” has all but disappeared. Continue reading Why The Next ECB Stimulus Plan May Fail
This is a collaboration with James Roberts published at Heritage.
SUMMARY
Since the creation of the European Union, EU economic policies have been defined by a never-ending series of fiscal stimulus measures accompanied by accommodative monetary policies. Now, in the United States, some politicians on the left are demanding that the U.S. government implement similar measures. It is important to analyze the risks to the American economy inherent in such policies by examining the impact they have had on the eurozone and Japan, where they have been implemented. Continue reading To Avoid European and Japanese Economic Stagnation, U.S. Should Adopt More Disciplined Fiscal and Monetary Policies
