Expectations for the $2trillion Infrastructure Project announced by US President Joe Biden on Wednesday 31/03/2021 are high. With his announcements he decides to shift to social justice with a new form of income redistribution in US society while stopping the tendency to constantly reduce corporate taxation. Joe Biden is largely taking away the gifts of …
Category: Proposed Fiscal Policies
fiscal analysis
Bond Yields Rise: Sign of Expected Growth or Cost Inflation
US President Joe Biden’s fiscal intervention to be used to support the US economy, which is approaching three times the productive gap in the US economy, has caused strong turbulence in fixed income markets, triggering a percentage boost in government bond yields on both sides of the Atlantic Ocean. by Thanos S. Chonthrogiannis ©The law …
Debt ‘Chokes’ Eurozone/EU
After the end of the Covid-19 pandemic, both the Commission and the governments of the euro area member countries will face thorny problems in their management such as dealing with the growing debt, public and private respectively, which is currently accumulating with the help of the ECB and the member countries that “absorb” it to …
Increase in Total Demand or Recurrence of Inflation in the U.S.
US President Joe Biden, to pull the US economy out of recession, triggered by repeated economic shutdowns and social distancing in 2020 aimed at tackling the Covid-19 pandemic, has promised to promote a giant fiscal support package to boost activity in the economy equal to 9% of US GDP. The Weak overall demand in the …
Magic Picture the Drastic Reduction in the Percentage of Bankrupt Businesses in the EU
The repeated economic shutdowns and social dimensions imposed on EU member countries during 2020, which will continue into the second half of 2021 and until 70% of their populations are vaccinated, have caused untold damage to millions of businesses (family, small and medium-sized and large) in the catering-hotel sectors, tourism, air transport, retail trade, etc. …
Innovation as a Leader in Economic Development and What Is Needed to be Successful
Innovation is commonly defined as the “carrying out of new combinations” that include “the introduction of new goods, … new methods of production, … the opening of new markets, … the conquest of new sources of supply … and the carrying out of a new organization of any industry”. (Wikipedia). So, when innovative ideas are …
The Reasons Why Inequality Between Rich and Poor Countries Is Constantly Increasing
As the Food and Agriculture Organisation of the United Nations (FAO) has recently pointed out, low-income countries with few resources, weaker public health, social protection, hygiene, and problematic public services than developed countries are facing exceedingly difficult situations in dealing with the health crisis and its economic impact. by Thanos S. Chonthrogiannis ©The law of …
Pandemic Forces Governments to Adopt Socialist Economic Policies
The ever-increasing implementation of the monetary policy, which, due to the pandemic and its measures to deal with economic shutdowns and social isolation, in other words the continuous printing of money, is being used to cover the damage caused to economies while providing state aid to both workers and businesses (in the form of subsidies …
The greater the proportion of the population in an economy that does not have a bank account, the more difficult it is to achieve sustainable growth and social well-being
The economies that are underdeveloped and cannot optimise the development of their economy while disseminating economic growth to their entire population are those in which a large part of the population does not have a bank account and access to bank transactions. According to World Bank (data.worldbank.org/indicator) data in most Latin and Central American countries …
The greater the proportion of the population in an economy that does not have a bank account, the more difficult it is to achieve sustainable growth and social well-being
The economies that are underdeveloped and cannot optimise the development of their economy while disseminating economic growth to their entire population are those in which a large part of the population does not have a bank account and access to bank transactions. According to World Bank (data.worldbank.org/indicator) data in most Latin and Central American countries …