Jeremy Hunt’s accession to the chancellorship marked a return to the status-quo Treasury Orthodoxy that has resulted in the managed decline of the UK. A focus on increasing taxes to maintain high levels of public spending and to reduce the budget deficit is misguided – especially for the UK, which suffers from chronic underinvestment withContinue reading “Hunt Economics: Treasury Orthodoxy”
Tag Archives: political
Prudent Portugal
Portugal has undergone significant economic changes over the past two decades, undergoing a sharp deficit reduction plan to cut the cumbersome waste within its public sector by reforming its fiscal policy, tax rates, and welfare systems. Portugal’s economic performance since has held strong, with solid GDP growth over the coming decade; while not without itsContinue reading “Prudent Portugal”
T.Roosevelt Regulatory Legacy
Theodore Roosevelt’s election coincided with a radical shift in the Republican Party. The dawn of the Progressive Era began at the start of the 20th century as both parties sought to balance the interests of big businesses with that of workers and the environment. This was a departure from the traditional Republican Party’s onus onContinue reading “T.Roosevelt Regulatory Legacy”
Yield Curve Control?
Yield Curve Control has been a popular monetary policy tool adopted by several central banks around the world. In simple terms, YCC is a policy tool used by the central banks to target a specific yield on long term government bonds (gilts in the UK), thereby keeping the long-term interest rates low. The central bankContinue reading “Yield Curve Control?”
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