Showing posts with label fiscal austerity. Show all posts
Showing posts with label fiscal austerity. Show all posts
Thursday, February 26, 2015

For Many Greeks, Taxes have been seen as Theft…

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…and thus massive tax avoidance and the huge informal economy. The Wall Street Journal explains : (bold mine) Of all the challenges...
Tuesday, June 10, 2014

Quote of the Day: The IMF Gets It Wrong (again)

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Christine Lagarde admits that the International Monetary Fund “got it wrong” when it chastised the British government’s austerity plans. ...
Wednesday, August 21, 2013

Quote of the Day: The crisis of government paternalism

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This “crisis” of government paternalism was accelerated by monetary and related interventionist policies in the United States and Europe t...
Wednesday, July 03, 2013

Portugal Bond Yield Spikes on Worsening Political Squabbles

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I have been saying that in the face of rising interest rates, the risks of a debt crisis can emerge out of multiple potential flashpoints. ...
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Saturday, May 25, 2013

Iceland’s Recovery: Hardly about Currency Devaluation

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Alan Reynolds at the Cato Institute blog explains , (italics original, bold mine) Iceland’s recent devaluation was highly orthodox poli...
Tuesday, April 09, 2013

War on Savings: Australia Doubles Retirement Taxes

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Crisis or no crisis, Cyprus may have set a trend for governments to seek ways to tax private sector savings.  Australia has reportedly ...
Monday, March 11, 2013

Quote of the Day: Real Austerity is Economic Freedom

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But what is austerity? Real austerity means that the government and its employees have less money at their disposal. For the economists ...
Friday, July 20, 2012

Canadians Have Overtaken Americans in Wealth

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From the USNews.com For the first time in recent history, the average Canadian is richer than the average American, according to a repo...
Friday, June 29, 2012

Understanding Political Terminologies 2: Social Justice, Greece, Austerity and Insurance

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Political language have been deliberately mangled to suit and promote the interests of political agents and their followers. I have given a ...
Monday, June 18, 2012

Shelve the Greece Moment; Greeks are Pro-Austerity After All

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We had been repeatedly told (if not lied to) by media and neoliberals that Greeks has been anti-bailout. The election nears conclusion and...
Wednesday, June 13, 2012

Italy’s Pro-Growth Tax Increases Backfires

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Economic reality flies in the face of the “pro-growth” policies prescribed by politicians and which has been endorsed by mainstream experts....
Friday, June 08, 2012

Estonian President Slams Paul Krugman

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When apologists for the state don’t have developments going their way, they intuitively employ verbal sleight of hand as defense mechanism. ...
Tuesday, June 05, 2012

Bloomberg Ticker lists Greece’s Drachma

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Either this signifies as the proverbial writing on the wall or part of the orchestrated propaganda campaign for Greece to exit the EU Fr...
Saturday, June 02, 2012

Austerity in Spain?

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Juan Carlos Hidalgo at the Cato Institute investigates claims that Spain has been suffering from “austerity” Writes Mr. Hidalgo , (bold em...