Stephen Kinsella: The economics of populism
Populist politicians promise higher spending and lower taxes – which, of course, means higher borrowing. That brings with it a heavy price, not only for our rapidly ageing generation, but for our children too
We still live in the shadow of the global financial crisis of 2008. Investors need to be clear about this in order to prosper.
Countries that have failed to recover their previous dynamism have not grown. Economic growth allows the redistribution of more of the fruits of growth to those closer to the bottom of the income distribution. The government taxes those who have done well and transfers it down the income distribution in the form...
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