Singapore’s success

Touted as the second freest economy in the world behind Hong Kong in 2014, Singapore enjoys an exceptionally high standard of living with one of the world’s strongest economies. A GDP (PPP) per capita of $95,000 in 2017 – over twice that of the UK, GDP growth has averaged 7% since 1970 – far exceedingContinue reading “Singapore’s success”

Elevating Eurozone growth

Fiscal policy refers to the government’s tax and spending policies. Looser fiscal policies refer to more expansionary fiscal measures, with tax cuts being a key fiscal measure that may successfully increase economic growth in the Eurozone. Income tax reductions for lower-income earners should successfully boost consumption within the economy. This is because lower earners haveContinue reading “Elevating Eurozone growth”

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”

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”