Saving Private Euro: What if Spain falls?
- 26 June 2012
With states like Mississippi, New Mexico, and Alabama relying on ginormous transfers of federal taxes in the form of unemployment benefits and Medicaid, would New York, California and Texas be better off with their own currencies? The Atlantic
It is not just the crisis that is escalating; so too is the discussion on the potential solutions. This piece by Bernard Delbecque proposes what to do if Spain is next to fail. Vox Eu
After studying the behavior of recoveries from recessions across 59 developed and emerging economies over the past 40 years, three academics find little or no difference in the pace of output growth across different types of recessions. The Big Picture
David Henderson says despite what we often hear: that big cuts in government spending over a short period of time are a bad idea, empirical evidence shows "that after the biggest percentage government spending cuts in American history-the cuts in government spending after World War II-the economy boomed." Hoover Institution
After the government's announcement that it could scrap housing benefit for under-25s, Pete Spence explains why the reasons for needing housing benefit in the first place are largely driven by state failure. Adam Smith Institute
Got any other suggestions for what we should be reading? Tell us below?
Sign up for our free email newsletter here.
- Compulsory in-car cameras to cut insurance costs: would you object?
- Three options for investors to ride out FTSE turmoil
- Retirees raiding pensions next year risk huge tax bills
- Bond markets are pricing much weaker growth
- Bank of England chief economist 'gloomier' on outlook for UK
- Find out which FTSE 350 chief earned 2,000 times the living wage last year
- Second steppers need to find £60k to move home
- Rolls-Royce shares slump on profit warning
- Gov't consults on third-way ISA for P2P lending
- Borrowers shrug of interest rate fears as more opt for tracker mortgages