Sneaking a preview of our economic future
Based on real-time data from the economy, a small team of researchers around Professor Christoph Schumacher has created a model to estimate current GDP as it happens. [...]
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It should have been a budget to steer New Zealand out of this economic depression. But it reads like a budget in an election year. [...] -
First, I never want to hear another excited word about shovel-ready projects. Second, I would like to see decent cost-benefit analyses before any new spending project. And third, I wish the public service would curb any over-enthusiastic minister on their respective pet projects. [...] -
If at some point this crisis is no longer acute, then the Franco-German axis will feature only in history books – and the EU will not be able to find a replacement for it anytime soon. [...] -
Our recovery path will be bumpy. But good policy development can help clear the road and lead us towards a better future. [...] -
How do you get an economy going again when entire industries are destroyed? How do you encourage private consumption when families are trying to make ends meet? How do you run a government when public finances are in disarray? [...] -
Nobody knows what exactly our future will look like. But we do know that an economic framework with secure property rights, sound money, competition, freedom of contract, open markets and a functioning price system will give us the flexibility we need to weather the storms and grow out of this crisis. [...]
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No matter how much fiscal support he will receive, it will do nothing to reverse Italy’s productivity trajectory. And for as long as Italy remains part of the Eurozone, none of the above issues can be resolved. [...] -
The Covid-19 crisis does not and will not change the principles of economics – but that will not stop politicians from trying. We should not let them. [...] -
What happens over the coming weeks and months will determine our political and economic fate for decades to come. Governments can follow Attlee or Erhard. The hopeful victory against coronavirus will be a Pyrrhic one if we allow it to destroy our liberal, free-trading economic order. [...] -
In the Western Roman Empire’s case, it was the barbarian soldier Odoacer who finished off the ruins of a once-proud Empire. In the EU’s case, the coronavirus seems on track to achieve the same result. [...]
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