The hottest Fiscal policy Substack posts right now

And their main takeaways
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Top World Politics Topics

BRIEFLY NOTED: For 2024-03-09 Sa

Brad DeLong's Grasping Reality • 169 implied HN points • 10 Mar 24
🌍 World Politics Brexit Economic Growth Media Government Policy Fiscal policy
  1. Brexit has resulted in significant economic damage for the UK, with 4% reduction in potential productivity alone
  2. UK's economic performance has been dire, requiring investments in infrastructure, people, and systems to recover
  3. Challenges with media integrity are highlighted, showcasing the importance of unbiased reporting and journalism ethics

Accidentally testing NGDP level targeting

Erdmann Housing Tracker • 126 implied HN points • 06 Feb 24
💰 Finance Monetary Policy Inflation Fiscal policy
  1. Accidentally testing market monetarism, particularly nominal GDP targeting, yielded successful results during economic shocks.
  2. Nominal GDP targeting can help stabilize the business cycle by allowing for counter-cyclical inflation and smoothing disruptions in nominal incomes.
  3. Adopting nominal GDP level targeting could lead to improved productivity and reduced reliance on interest rates in monetary policy discussions.

Debt-Ceiling Theater Masks True Depth of DC's Red Ink

Stark Realities with Brian McGlinchey • 452 implied HN points • 01 Jun 23
🇺🇸 U.S. Politics Government National Debt Fiscal policy Social programs
  1. Americans are misled about the true depth of the government's financial disorder.
  2. The federal government's actual liabilities are far higher than the reported national debt figures.
  3. Understanding the true national debt would lead to questioning unsustainable social benefits, costly foreign interventions, and big-spending proposals.
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An illustration of the high cost of low state (fiscal) capacity in Liberia

An Africanist Perspective • 494 implied HN points • 28 Apr 23
🌍 World Politics International relations Fiscal policy Development Corruption
  1. The high cost of low state capacity in Liberia impacts public services and infrastructure, highlighting the need for economic growth over only focusing on governance and corruption.
  2. Poverty in Liberia severely limits the government's fiscal capacity, affecting its ability to provide public goods and services. The country's annual budget per capita is significantly lower than other regions, making it challenging to maintain essential services.
  3. The US Ambassador to Liberia pointed out significant mismanagement of funds in critical sectors like healthcare and education. This points to a need for better spending of allocated funds and an improvement in service delivery to benefit the citizens.

House passes the Biden-McCarthy debt limit/spending bill

Speaking Security • 275 implied HN points • 01 Jun 23
🇺🇸 U.S. Politics Legislation Bipartisanship Fiscal policy Budgeting
  1. The House passed the Biden-McCarthy debt limit/spending bill with a 314 to 117 vote.
  2. The bill places strict limits on discretionary budget spending, giving less money to non-military initiatives and more to the Pentagon.
  3. The Biden-McCarthy bill reflects a bipartisan consensus to prioritize military spending over other areas, with the Pentagon receiving a record-setting budget while other sectors face cuts.

The anaconda tightens its grip

O Observador de Corcyra • 39 implied HN points • 14 Nov 23
🌍 World Politics Fiscal policy Resource Allocation
  1. The tax reform bill in Brazil consolidates multiple indirect taxes into two main taxes with a high estimated rate.
  2. The reform eliminates the states' fiscal autonomy and introduces a Regional Development Fund funded by taxpayer resources.
  3. The approved reform intensifies resource transfer from richer to poorer states, solidifying a system that benefits certain regions.

The Stock Market Sits On The Edge Of The End Of The World

QTR’s Fringe Finance • 51 implied HN points • 12 Oct 23
💰 Finance Stock Market Geopolitics Monetary Policy Fiscal policy Global Conflicts
  1. Geopolitical volatility and flawed monetary policy make current times unique and potentially volatile.
  2. Debt levels, monetary policies, and government spending are creating unprecedented financial challenges.
  3. Artificial market boosts, geopolitical tensions, and social unrest are contributing to a fragile economic situation.

Strange books on the internet distributing words are no basis for a system of finance

featherlessbipeds • 58 implied HN points • 03 Aug 23
💰 Finance Monetary Policy Central Banks Inflation Fiscal policy Quantitative Easing
  1. The book 'The Dollar Endgame' argues that the US Dollar's reserve currency status leads to increasing demand for USD denominated assets like government debt.
  2. The book presents definitions of economic terms like inflation, central banks, and monetary policy, but these definitions are criticized for being inaccurate or misleading.
  3. Fiscal and monetary policies are meant to be somewhat independent but coordinated to prevent economic mismanagement.

China's Premier just consulted these economists. What's their view on the economy?

Pekingnology • 67 implied HN points • 08 Jul 23
🌍 World Politics China Economic Analysis Fiscal policy
  1. Economists discussed the challenges in China's economy and emphasized the need for strong fiscal and monetary policies with institutional reforms.
  2. There is a call for active participation in global digital economic and trade agreements, establishment of open capital markets, and alignment with international provisions.
  3. Encouraging innovation in the financial market requires a tolerant approach to failure, role of long-term institutional investors, less frequent information disclosure, open capital markets, and stable macro policy orientation.

This is not what I normally do here…

Klement on Investing • 2 implied HN points • 12 Mar 24
💰 Finance Interest Rates Fiscal policy
  1. Focus on empirical observations and data, rather than theoretical predictions, but sometimes theories need to be explored too.
  2. Countries with higher inflation rates tend to see their currencies depreciate over time, while carry tend to work in the short term with interest rate differentials.
  3. Aside from interest rates, fiscal policy can start to influence exchange rates, especially when countries aggressively reduce their deficits. This could potentially lead to a stronger Euro and Sterling against a weaker US Dollar.

Growth Is Up. So What's Up With the Economy?

Gideon's Substack • 19 implied HN points • 26 Oct 23
💼 Business Economy Inflation Perceptions Data Fiscal policy
  1. The American economy is performing exceptionally well post-pandemic, surpassing other developed countries.
  2. There is a notable disconnect between people's perceptions of the economy and the actual economic data, leading to various theories and concerns.
  3. Factors such as the pandemic hangover, inflation, wage discrepancies, and fiscal uncertainties contribute to the complex economic landscape, influencing consumer sentiment and political outcomes.