budget

For those familiar with the nature and history of major political movements in the US and UK, it is clear that one of the main elements of what is considered the “right” is the so-called fiscal conservatism. The idea that the state apparatus should (at a minimum) spend as much as it can collect through the tax system, and …

Janet Nielsen Canada was once a laughing stock when it came to economic freedom. A Wall Street Journal article in the mid-1990s called the country an “honorary member of the Third World” because of its out-of-control debt and government spending. But today, the same country leads the G8 in economic indicators, and …

Financially, Japan is fast becoming a Keynesian dystopia. Its entire economy is now hostage to a fiscal time bomb. Namely: a national debt that already exceeds 240% of GDP, and which is growing rapidly because even the recent painful increase in the sales tax from 5% to 8% is not even …