George Bush was a President tarnished by the financial crisis and the failure of the Iraq War. Elected on the promise of a Conservative revolution akin to the 1980s, Bush vowed to shrink the state further and he failed in this goal. Pursuing Keynesian economic policies, the deficit exploded as his tax cuts were unableContinue reading “Failure of Bush Tax Cuts”
Tag Archives: keynesian
Keynesian Kiwis?
New Zealand has consistently performed as one of the wealthiest countries in the world with very high living standards. With a GDP per capita of $53,000 USD, this places New Zealand substantially higher than many of their Western counterparts, like Australia ($47,000 USD) and the UK ($39,000 USD). New Zealand’s prosperity has been achieved throughContinue reading “Keynesian Kiwis?”
Switzerland: Stagnation to Success
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”
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