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Latest blog posts from Capitalism and Freedom

CHINA'S EXCHANGE RATE POLICY
Paul Krugman (link) and Greg Mankiw (link) analyze the costs and benefits of China's exchange rate policy.Rok Spruk is a supply-side economist and a libertarian. He (currently) lives in Slovenia where he studies economics and business. His fields of research are economic growth, macroeconomics,...
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Published 4 days ago

READINGS FOR THIS WEEK
Here's a list of interesting readings for this week.Gary Becker (link) and Richard Posner (link) briefly discuss the economic effects of fiscal stimulus and review the main literature on fiscal multiplier and the macroeconomic cost of the stimulus bill.Congressional Budget Office published Budget...
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Published 7 days ago

HOW MILTON FRIEDMAN SAVED CHILE?
Here (link) is the story of how decades of economic freedom prevent the unthinkable consequences of an earthquake which recently damaged Chile.Rok Spruk is a supply-side economist and a libertarian. He (currently) lives in Slovenia where he studies economics and business. His fields of research...
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Published 2 weeks ago

PENSION SYSTEMS - A GROWING FISCAL BOMB
From this edition of The Economist (link):Rok Spruk is a supply-side economist and a libertarian. He (currently) lives in Slovenia where he studies economics and business. His fields of research are economic growth, macroeconomics, international economy, global competitiveness, and tax reforms....
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Published 3 weeks ago

WILL FISCAL ASYMMETRIES THREATEN THE EURO?
Earlier this day, I came across Moody's Misery Index (link) which estimated the size of macroeconomic difficulties in European countries. In particular, European countries within and outside the Eurozone are likely to face stagnant GDP growth rates, high unemployment rates, deflationary pressures...
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Published a month ago

CURRENT ACCOUNT BALANCE IN THE EUROZONE
Source: IMF (2009)Rok Spruk is a supply-side economist and a libertarian. He (currently) lives in Slovenia where he studies economics and business. His fields of research are economic growth, macroeconomics, international economy, global competitiveness, and tax reforms. His views, observations...
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Published a month ago

THE EURO CRISIS
Paul Krugman has blogged an interesting analysis of the anatomy of the recent economic crisis in Europe (link).Europe's difficult macroeconomic situation in the aftermath of the financial and economic crisis has exacerbated rising fiscal deficits and public debt alongside strong deflationary...
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Published a month ago

GDP GROWTH IN Q4 2009 IN EUROAREA
Rok Spruk is a supply-side economist and a libertarian. He (currently) lives in Slovenia where he studies economics and business. His fields of research are economic growth, macroeconomics, international economy, global competitiveness, and tax reforms. His views, observations and ideas are...
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Published a month ago

THE ORIGINS OF GREECE'S DEBT CRISIS
Paul De Grauwe published a very good article (link), discussing the macroeconomic origins of the current debt crisis in Greece."The period 1999-2009 has been organised in periods of booms and busts: the boom years were 1999-2001 and 2005-07; the bust years were 2002-04 and 2008-09. One observes a...
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Published a month ago

EUROPE'S BLEAK MACROECONOMIC OUTLOOK
The Economist published a very lucid analysis (link) of the recent macroeconomic instability in the Euroarea, following the outbreak of Greek debt crisis (link) and disappointing quarterly data on GDP growth (link):Barely had the ink dried on a statement by European leaders supporting Greece in...
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Published a month ago

EUROPE VS. USA
In NY Times, Paul Krugman (link) wrote about the comparison of European and U.S economic model, concluding that in the last 10 years, the European model of social democracy led to higher standard of living and, compared to U.S in output per hour and standard of living, and relative convergence of...
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Published 2 months ago

THE POLITICAL ECONOMY OF EUROPE AND THE U.S
In today's edition of NY Times, Paul Krugman opened a puzzling discussion on the economic performance of Europe relative to the United States (link), suggesting that the European model of social democracy is an envy for economic success compared to the U.S economy.Rok Spruk is a supply-side...
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Published 2 months ago