The NHS is doing a lousy job, but it’s not because of a shrinking budget.

Some new research from the IMF.

Claims from an alternative universe where facts don’t matter.

Sadly, this battle is inevitable.

The U.K. should not give up on fiscal responsibility.

Spending cuts beat tax increases every time.

Austerity works…when it’s the right kind.

Latvia and the other Baltics were willing to endure more short-term pain in order to achieve a quicker economic rebound.

So the real issue for Greece is whether debt is constrained compared to private-sector growth.

Regular readers know that good fiscal policy takes place when government spending grows slower than the private economy. Nations that maintain this Golden Rule for extended periods of time shrink the relative burden of government spending, thus enabling more growth by freeing up resources for the productive sector of the economy and creating leeway for lower tax rates. […]