It’s wild to look at how much the NYC budget has increased in the past 8 years, it’s added nearly $30 billion Now with a looming recession @NYCMayor says we need to pull back And some politicians call that austerity. …
by Shaun Richards The last few weeks have seen a rise in the level of debate about the UK public finances and we can use this morning’s data release to illustrate that. The relatively simple part is what has happened …
by Jesse “Europe will be forged in crises, and will be the sum of the solutions adopted for those crises.” Jean Monnet, Memoirs “I’m very pro-European, but I’m against the euro, so if I still lived in the UK I would …
by Martin Armstrong I have been warning that raising taxes is DEFLATIONARY because you are reducing the net disposable income. Governments simply cannot get that through their head. In Romania where protests over political corruption have been unfolding, the government revealed its plan …
https://www.youtube.com/watch?v=h4lgZl85aac Hundreds of protesters took to the streets of Athens on Tuesday, as the first post-bailout economic budget went to vote in the Greek parliament. Protesters with banners and signs marched towards the Greek parliament, while chanting anti-austerity slogans. http://www.therebel.media/watch-jack-… …
There was a time when European governments couldn’t utter a fiscal policy statement without mentioning the word “austerity.” Now, the concept seems to have all but disappeared from public discourse. Is the era of austerity finally over, and did austerity …
by Shaun Richards The UK Public Finances are something that have been quietly improving over the past year or two. This has been taking place mostly outside the news headlines partly because the numbers are much smaller than they were. …