fiscal transfers

Near-Orwellian Abuse Of Language

10 December 2011

Kevin O’Rourke of Oxford University has a post on Project Syndicate, correctly titled A Summit to the Death, in which he nicely summarizes the recent EU “summit to end all summits” held at Brussels. He says With this in mind, the most obvious point about the recent summit is that the “fiscal stability union” that […]


Chart: Fiscal Transfers

19 August 2011

Wynne Godley used to say that fiscal transfers happen without anyone really noticing. From The Economist, fiscal transfers in the US (finally gets noticed!):