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Advanced economies must face fiscal reality

STANFORD Around the world, advanced economies are facing heightened fiscal challenges, owing to the simple fact that most have bloated, financially unsustainable welfare states. As Mario Draghi said over a decade ago, when he was serving as the president of the European Central Bank, “The European social model is already gone.” Equally, America risks falling into the same ....

United Kingdom , United States , Michaelj Boskin , Mario Draghi , Hoover Institution , European Central Bank , Economics At Stanford University , Social Security , Stanford University , Senior Fellow , Economic Advisers , Project Syndicate ,

Advanced economies must face fiscal reality

Advanced economies must face fiscal reality
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United Kingdom , United States , Michaelj Boskin , Mario Draghi , European Central Bank , Economics At Stanford University , Hoover Institution , Social Security , Stanford University , Senior Fellow , Economic Advisers , Project Syndicate ,