On May 7 (this Thursday), Britain has a general election. I care deeply about British politics–I did my BA over there and will return to do my PhD there this fall. But more importantly, David Cameron’s government has managed the country’s economy with stunning fecklessness, and I couldn’t live with myself if I didn’t do my part to point this out.
Continue reading “Britain: For the Love of God, Please Stop David Cameron”
With the recent election of Syriza (Coalition of the Radical Left) in Greece, it’s time to revisit the Eurocrisis. I’ll be trying to answer several questions:
Continue reading “Syriza vs. The Troika: What’s Going on in Greece”
I recently ran across a remarkable survey of prominent US economists on the American Recovery and Reinvestment Act, the stimulus package Obama passed at the beginning of his presidency. The results are striking for two reasons–they show a clear consensus among economists that the stimulus was a success, and they completely contradict popular opinion.
Continue reading “American Voters are Completely Out of Touch With Economic Experts”
We are the Borg. Your biological and technological distinctiveness will be added to our own. Resistance is futile.
If the French thought their 2012 election of socialist François Hollande over former president Nicolas Sarkozy meant that they would have their Keynes and avoid austerity, they have been proven fatally wrong. Hollande has just announced plans for a €50 billion austerity package, a cut of 4% of France’s GDP. He has promised to cut taxes on businesses by €30 billion, but this will come in the form of the elimination of a requirement that French businesses fund a family welfare program. Based on the IMF’s multiplier estimate for depressed economies (1.5), France will lose 6% in potential GDP growth over the next 3 years under this plan, potentially resulting in a new French recession. Hollande’s argument for this plan betrays a stunning incompetence on economic matters and illustrates that French voters have been played–there was no democratic alternative to Sarkozy in 2012.
Continue reading “The Assimilation of François Hollande is Complete”
Given the title, it’s necessary to make a clarification. I support a federal Europe. It’s the only way Europe can regain its ability to make foreign and economic policy independently from the United States, and regain its position as a leading region. However, after running some numbers today, I no longer believe in the Euro as presently constituted. Here’s why.
Continue reading “Is the Eurozone a German Empire?”
Benjamin Studebaker 