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An election year budget

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. [...]

The ghost of Kevin Rudd

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. [...]

The end of a beautiful friendship

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. [...]

Seven principles for recovery

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? [...]

Speech to the Epidemic Response Committee

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. [...]

Debt is the least of Italy’s problems

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. [...]

Be careful what you wish for

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. [...]

A question of war and peace

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. [...]

The European Non-Union

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. [...]