Macron’s reforms

Elected with the promise of liberalising the French economy, Macron has brought a wave of economic growth and prosperity to a previously fraught economy. Following the 2008 Financial Crisis, France suffered under successive Presidents who struggled to grapple with its aftermath; the unemployment rate refused to fall below 9%, rising to 11% under Socialist PresidentContinue reading “Macron’s reforms”

Germany’s roaring ’30s

The 1930s were a time of economic peril and misery for most nations globally. In the US, the period came to be the ‘Great Depression’ as living standards plummeted following the sharp decline in the money supply that started the decade. The same was true of the UK, as harsh austerity measures put in placeContinue reading “Germany’s roaring ’30s”

Inflation in 2022

Inflation is skyrocketing in most developed countries. In the US, inflation climbed above 8% in January for the first time since the 1980s; in the UK, inflation reached 6% in March 2022 – a first in 30 years. Whilst, the recent spike in prices can be attributed to a combination of supply chain shocks andContinue reading “Inflation in 2022”

Biden’s backwards budget

On the 28th of March, President Biden set out his $5.8 trillion budget proposal for 2023. One of the largest in American history, this historic piece of legislation outlines $4.1 trillion as part of an American ‘Jobs and Rescue plan’ alongside an additional $1.7 trillion in discretionary spending. Proposed tax increases in this bill amountContinue reading “Biden’s backwards budget”