One of the wealthiest countries in the world, Switzerland’s economy stands amongst the strongest globally. Through following neo-classical, supply-side economics and rejecting the post-WW2 Keynesian consensus, the Swiss economy has thrived and currently has the second highest income per capita globally (adjusted for PPP). 1990s Stagnation Switzerland’s economic strength hasn’t always been a given. DuringContinue reading “Switzerland: Stagnation to Success”
Category Archives: Fiscal Policy
Failure of Trussonomics
What promised a refreshing start for Britain has since ended in disaster. Truss campaigned to revitalise our stagnant economy, ripping back regulations, and transform Britain from a high-tax, low-wage economy to one of low taxes and prosperity. The markets rejected a wholly un-conservative budget from Kwasi Kwarteng, leaving a collapsing pound and forcing the BankContinue reading “Failure of Trussonomics”
Terrific Trickle-down Economics?
‘Tax cuts for the rich!’ A cry consistently echoed by those against reducing top tax rates. ‘Trickle-down economics,’ a phrase first uttered by President Franklin Roosevelt in the depths of the Great Recession, despite no economist in history supporting this line of reasoning. Unfortunately, the facts suggest otherwise. Reducing top tax rates from punitive levels,Continue reading “Terrific Trickle-down Economics?”
Liz Truss: Supply Side Reform
A vicious leadership contest has culminated with Liz Truss’ accession to the premiership. Promising radical reforms to the British economy, Truss represents a stark contest with the establishment candidate, Rishi Sunak. With pledges to radically cut the state, addressing the struggling supply side of the British economy, Truss represents a breath of fresh air fromContinue reading “Liz Truss: Supply Side Reform”
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