Arithmetic not ideology: Paul Martin for Inside Policy

Canada’s former Finance Minister and 21st Prime Minister Paul Martin describes his experience putting Canada’s public finances on a sustainable path.  By Paul Martin, Jan. 2, 2018 When I was sworn in as Canada’s 34th finance minister on November 4, 1993, it was clear that my tenure would be marked by the degree to which our… Continue reading Arithmetic not ideology: Paul Martin for Inside Policy

How to fix the bleak, long-run outlook for US fiscal policy: MLI paper by Alex Brill

The United States is headed toward a federal debt crisis that will inflict serious economic hardship on future generations. Today, the amount of federal debt held by the public stands at US $14.8 trillion. The debt burden will, in inflation-adjusted terms, increase by over 240 percent over the next 30 years. Returning to a sustainable… Continue reading How to fix the bleak, long-run outlook for US fiscal policy: MLI paper by Alex Brill

The UK’s experience with fiscal reform: MLI paper by Daniel Mahoney

Politics in the United Kingdom is currently focused on a debate between so-called “austerity” and public investment. The past seven years or so provide a case study on the economic and social effects of spending and deficit reductions. Yet, as noted by Daniel Mahoney, the doomsday scenario described by critics of the government’s fiscal policy… Continue reading The UK’s experience with fiscal reform: MLI paper by Daniel Mahoney

Canada’s experience with fiscal reform: MLI paper by Sean Speer

Canada’s Department of Finance estimates that, on its current trajectory, the federal budgetary deficit may loom until 2050. Yet this is not the first time this has happened. Twenty years ago, the country faced a looming budgetary crisis brought on by more than two decades of fiscal profligacy. The budgetary crisis precipitated sweeping fiscal reforms… Continue reading Canada’s experience with fiscal reform: MLI paper by Sean Speer

How to tackle a $14.8 trillion debt: Lessons from America’s friends in the Anglosphere

OTTAWA, ON (Nov. 29, 2017): The United States is over $14.8 trillion in debt and there seems to be little political will to do anything about its mounting deficit. But Canada has been there too, and has demonstrated the benefits of getting serious about fiscal reform. Likewise, the U.K., Australia and New Zealand have their own… Continue reading How to tackle a $14.8 trillion debt: Lessons from America’s friends in the Anglosphere

Response to the Financial Crisis in the United Kingdom: Foreword by Graham Brady

Graham Brady makes the case of deficit reduction and sound public finances, based on the UK’s recent experience. I have read this essay collection – including the excellent essay by the Centre for Policy Studies (CPS) economist Daniel Mahoney on Britain’s ongoing battle with its budgetary deficit – with great interest. The lessons from across… Continue reading Response to the Financial Crisis in the United Kingdom: Foreword by Graham Brady

Australian Fiscal Reforms Since 1985: Foreword by Peter Costello

Peter Costello makes the case for strong fiscal policy, based on his own personal experience as Australia’s former Treasurer. This is the foreword to the MLI Lessons from the Anglosphere series paper: Australian Fiscal Reforms since 1985, by Robert Carling. Most policy-makers would agree that in times of recession it is natural and beneficial for a… Continue reading Australian Fiscal Reforms Since 1985: Foreword by Peter Costello

New Zealand’s Fiscal Reforms, 1984-1996: Foreword by Ruth Richardson

New Zealand’s former Finance Minister Ruth Richardson comments on policies and politics of fiscal reform. This is the foreword to the MLI Lessons from the Anglosphere series paper: New Zealand’s Fiscal Reforms, 1984-1996, by Bryce Wilkinson. “We are dancing on a volcano that is rumbling even louder. The French are hooked on public spending. Like all addictions, it… Continue reading New Zealand’s Fiscal Reforms, 1984-1996: Foreword by Ruth Richardson