In 1993, Bill Clinton became the first Democrat to ascend to the US Presidency in just over 12 years. The former Arkansas Governor ran on a ‘Third Way’ platform, promising to enact moderate economic policies, following the three successive Republican Presidential election victories. Clinton promised an end to so-called ‘Reaganomics,’ campaigning on a fiscally conservativeContinue reading “The Economic legacy of the Clinton administration”
Category Archives: Fiscal Policy
The Kansas Experiment
The Kansas experiment began in May 2012 and was led by Republican governor Sam Brownback. The plan was to drastically reduce taxes across the board, prompting economic growth, thereby increasing tax revenues to plug the initial loss of tax revenues. What occurred was a fall in tax revenues by hundreds of millions of dollars andContinue reading “The Kansas Experiment”
The Economic legacy of Major’s government
John Major became Prime Minister in late 1990, following Thatcher’s resignation. He took over the premiership at a time when the Conservatives were deeply unpopular, with polling showing Labour’s Neil Kinnock with a 23% lead over the Tories. This was down to a combination of factors; the economy was in recession from the early 1990s,Continue reading “The Economic legacy of Major’s government”
Turkey’s economic malaise
Since 2002, Turkey’s GDP growth relative to other developing and emerging economies has been slow. This is a sharp contrast to the previous economic growth and prosperity that Turkey enjoyed in previous decades. In more recent years, Turkey’s economic situation has only gotten worse, exemplified by the sharp decline in the value of the TurkishContinue reading “Turkey’s economic malaise”
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