By Alvaro Vargas Llosa | Wednesday August 23, 2017 at 11:25 AM PDT | Comments Off on Europe’s Lessons for Economic Growth
A bird’s-eye view of the Eurozone economies a decade after the financial crisis invites three conclusions: Governments that made unpopular free-market reforms are already reaping the fruits; families and businesses are acting more sensibly than their governments; last but not least, people have behaved much differently than the European Central Bank (ECB) intended. The...
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Tags: economic recovery, European Central Bank, European Union, Eurozone, Ireland, Portugal, Spain
By Alvaro Vargas Llosa | Monday August 27, 2012 at 3:03 PM PDT | 2 Comments
Despite the evidence to the contrary, the dominant sentiment among politicians, academics and journalists in the United States, Europe and Japan continues to be that stimulating the economy via fiscal and monetary policy is the answer to the economic stagnation. It was stimulation—coupled with lower tax revenue due to the recession—that got several European...
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Tags: Arthur Laffer, Budget and Tax Policy, Economics, Estonia, Europe, European Union, Federal Reserve, International Monetary Fund, Ireland, monetary stimulus, Money and Banking, quantitative easing, reserve currency, Slovakia, The State