In today’s discourse on public economics, I often sense that a fundamental question is being overlooked- does democracy, in its current form, encourage a systemic evasion of fiscal and moral responsibility? This isn’t an anti-democratic stance, but rather an honest interrogation of its structural incentives. Democracy grants us the freedom to choose. Yet, it often … Continue reading When Democracy Meets Moral and Economic Limits
I’d like to discuss the dynamics of global economic power, starting with a nation’s three key accounts, then examining how Trump’s trade policies shape America’s financial standing in contrast to Europe, and finally reflecting on the deeper implications. The three accounts—current account, capital account, and financial account—are like a country’s financial ledger, tracking the inflow … Continue reading Understanding Global Economic Power through the Three Core Accounts
Envision a Parisian café in the 1950s, where intellectuals nurse espressos and spar over liberty, their voices rising with the steam. Half a world away, a Taiwanese family toils in a cramped workshop, soldering circuits beneath the pall of martial law. These scenes are more than vignettes—they are the cornerstones of economic fates. Economics, too … Continue reading A clash of scenes unveils how culture fuels economic fates
The pension entitlements of households in the European Union (EU) and European Free Trade Association (EFTA) countries, expressed as a percentage of Gross Domestic Product (GDP), can be categorized into private/funded pensions and unfunded pensions. Unfunded pensions primarily refer to retirement obligations promised by governments without pre-allocated reserves, relying on a pay-as-you-go (PAYG) system funded … Continue reading Economic Analysis of the European Pension Crisis: Structural Challenges and Inevitable Fiscal and Social Pressures
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