Without Merkel effectively at the helm, there is the all-too-real danger that Europe will lack the political will to provide Italy with sufficient financial support to keep that country in the euro.
An over-indebted Italian economy needs a coherent and reform-minded government to get the country quickly onto a higher economic growth path.
Democracies should demonstrate their power by investing in themselves and each other while holding all kleptocratic dictatorships to a higher standard. When democracies lead, the world follows.
State education leaders aren’t decamping to Washington, and Washington folks aren’t going to the states.
The North Korean regime has been using animal and human manure as fertilizer, which may have contributed to the parasitic worms found in North Korean soldier.
Done right, effective tax reform will add multiple tenths of a percentage point to the real GDP growth rate for a decade or more until the transition to a new, higher level of output is reached.
While our understanding of the effects of tax policy changes is limited, there are at least three ideas here that I think most economists would agree on.
We should beware of exaggerated claims, but we should not give up on tax reform.
SNAP and other federal food assistance programs already help millions of families. But for those who still struggle to afford adequate food, reforming SNAP could provide the help they need.
Misguided optimism instigated North Korea being removed from the state sponsors of terror list originally. Now that it’s back on the list, other governments have encouragement to shut down their North Korean embassies.