John Phelan

Economics

Milei’s Mandate: Argentina Bets on Austerity Again

On Sunday, October 26, Argentine President Javier Milei’s party, La Libertad Avanza, won big in the country’s legislative elections. In…

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Economics

Sow a Trade War, Harvest a Farm Crisis

Across the United States, harvesters are beginning to scythe their way through fields of crops. How well or badly the…

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Economics

Zucman’s Wealth Tax Can’t Save France From Itself

On September 9, France lost its second government in a year. The story behind the fall of François Bayrou’s government…

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Economics

The Day New York Defaulted: Inside Gotham’s Fiscal Fall

In November 1974, New York Times film critic Vincent Canby wrote that the city had become “a metaphor for what…

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Economics

Do Low-Tax States Win More Stanley Cups?

For the fourth time in six seasons, the Stanley Cup is going to Florida, a state where the only ice…

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Economics

Is the EU a Free Trade Zone?

On January 1, 1993, the European Single Market came into being. The previous October, British Prime Minister John Major had…

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Economics

The Frozen North – Canada’s Economic Stagnation 

On March 24, Canada’s newly appointed Prime Minister Mark Carney called a snap election for April 28. If the economic…

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Economics

Germany’s Election Reveals the Peril of Pursuing ‘Green’ Dreams

On Sunday, Germany’s voters will elect a new government. Polls indicate that the once mighty Social Democratic Party (SDP) will…

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Economics

Deficit-to-GDP Ratio Near World War II Levels, CBO Finds

America's addiction to deficit spending is out of control. But Congress lacks the courage to defuse this time bomb.

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Economics

Deficit-to-GDP Ratio Near World War II Levels, CBO Finds

On January 17, the Congressional Budget Office (CBO) released its latest Budget and Economic Outlook and Update. It attracted little…

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