Little hope of sustainable prosperity in Europe.
read more...They’ve discovered the secret to permanent stagnation.
read more...The region faces some big challenges.
read more...The entire developed world faces a demographic problem.
read more...Jaw-dropping numbers European Commission’s Ageing Report.
read more...Demographics and entitlements will mean a Greek fiscal future for America and other nations.
read more...There soon won’t be enough workers to finance the modern welfare state.
read more...The Census Bureau just released a report on America’s aging population. The big takeaway is that our population will be getting much older between now and 2050. And since I’m a baby boomer, I very much like the fact that we’re expected to live longer. But as a public finance economist, I’m not nearly as happy. As […]
read more...Over the years, I’ve shared many charts, graphs, and tables to help people understand that the welfare state is fundamentally unsustainable. And, assuming there’s not genuine entitlement reform, many of these fiscal estimates show that the United States has a very perilous future. According to the Bank for International Settlements, the United States is in worse shape […]
read more...Last month, I exposed some major errors that Paul Krugman committed when he criticized Estonia for restraining the burden of government spending. My analysis will be helpful since I am now in Estonia for a speech about economic reform, and I wrote a column that was published yesterday by the nation’s main business newspaper. But […]
read more...