scholarly journals Real Austerity

2021 ◽  
pp. 269-273
Author(s):  
Mark Thornton
Keyword(s):  
Western Europe ◽  
The United States ◽  
Austrian School ◽  
Retirement Benefits ◽  
The People ◽  
Growing Economy ◽  
The Government ◽  
The Unemployed ◽  
Spending Cuts ◽  
The International Monetary Fund

Austerity has been hotly debated as either an elixir or a poison for tough economic times. But what is austerity? Real austerity means that the government and its employees have less money at their disposal. For the economists at the International Monetary Fund, «austerity» may mean spending cuts, but it also means increasing taxes on the beleaguered public in order to, at all costs, repay the government’s corrupt creditors. Keynesian economists reject all forms of austerity. They promote the «borrow and spend» approach that is supposedly scientific and is gentle on the people: paycheck insurance for the unemployed, bailouts for failing businesses, and stimulus packages for everyone else. Austrian School economists reject both the Keynesian stimulus approach and the IMF-style high-tax, pro-bankster «Austerian» approach. Although «Austrians» are often lumped in with «Auste-rians,» Austrian School economists support real austerity. This involves cutting government budgets, salaries, employee benefits, retirement benefits, and taxes. It also involves selling government assets and even repudiating government debt. Despite all the hoopla in countries like Greece, there is no real austerity except in the countries of eastern Europe. For example, Latvia is Europe’s most austere country and also has its fastest growing economy. Estonia implemented an austerity policy that depended largely on cuts in government salaries. There simply is no austerity in most of western Europe or the U.S. As Professor Philipp Bagus explains, «the problem of Europe (and the United States) is not too much but too little austerity—or its complete absence.»

Text of Resolution Which Entered the United States into World War

1917 ◽  
Vol 85 (17) ◽  
pp. 455-456
Keyword(s):  
United States ◽  
House Of Representatives ◽  
United States Of America ◽  
The United States ◽  
World War ◽  
German Government ◽  
The People ◽  
Successful Termination ◽  
The World ◽  
The Government

The following is the text of the resolutions which officially entered the United States into the world war:— “Whereas the imperial German government has committed repeated acts of war against the government and the people of the United States of America; therefore be it “Resolved by the Senate and House of Representatives of the United States of America in congress assembled, that the state of war between the United States and the imperial German government, which has thus been thrust upon the United States, is hereby formally declared; and that the President be and he is hereby authorized and directed to employ the entire naval and military forces of the United States and the resources of the government to carry on war against the imperial German government; and to bring the conflict to a successful termination all of the resources of the country are hereby pledged by the Congress of the United States.”

Do Americans Like to Punish?

Metamorphosis ◽  
2018 ◽  
Author(s):  
Robert A. Ferguson
Keyword(s):  
United States ◽  
Criminal Justice ◽  
Criminal Justice System ◽  
Justice System ◽  
Western Europe ◽  
The United States ◽  
Political Values ◽  
The People ◽  
American Prison

This chapter addresses the question of whether Americans like to punish. The United States clearly punishes more heavily and for longer periods than other countries, with comparable social and political values. One can land in an American prison for life over minor offenses—a punishment not used for serious offenses in Western Europe. The leading comparativist on criminology, James Whitman, argues that a politics of dignity has instilled mercy and mildness in European systems, while leveling impulses, distrust of authority, and too much power in the people is said to have left the United States with a criminal justice system long in degradation and short on mercy.

Concepts of Government

2017 ◽  
Author(s):  
Peter Temin
Keyword(s):  
United States ◽  
The United States ◽  
Dark Skin ◽  
Dual Economy ◽  
The People ◽  
The Government

This chapter describes three concepts of government. Democracy is the government of, for and by the people. It provides services to all its members and insures them against a variety of risks, ranging from bankruptcy to the accident of being born poor and with a dark skin. Autarchy is government by a person or family that takes care of itself with little or no concern for the rest of the population. Oligarchy stands in between these extremes and varies by the size of the oligarchy. The United States in the 19th century was the uneasy combination of a demographic North and an oligarchic South. The country approached democracy in the 20th century, but this trajectory reversed after 1970, leading to an oligarchic dual economy.

American Democracy Reconsidered: Part I

1973 ◽  
Vol 3 (1) ◽  
pp. 1-28 ◽  
Author(s):  
L. J. Sharpe
Keyword(s):  
United States ◽  
The United States ◽  
National Government ◽  
The State ◽  
City Government ◽  
State Governments ◽  
American Democracy ◽  
The People ◽  
The Government ◽  
The One

In his celebrated study of American democracy written in 1888, Lord Bryce reserved his most condemnatory reflections for city government and in a muchquoted passage asserted: ‘There is no denying that the government of cities is the one conspicuous failure of the United States. The deficiencies of the National government tell but little for evil on the welfare of the people. The faults of the State governments are insignificant compared with the extravagance, corruption and mismanagement which mark the administration of most of the great cities'sangeetha.

Higher Chile growth faces domestic and external risks

2018 ◽  
Keyword(s):  
United States ◽  
Economic Growth ◽  
The United States ◽  
Medium Term ◽  
Content Type ◽  
Growing Economy ◽  
Fiscal Austerity ◽  
The Government ◽  
The Imf

Significance After four sluggish years, economic growth has been picking up steadily since mid-2017. However, as noted by Moody’s, medium-term prospects remain hampered by reliance on copper exports as, in the shorter term, has also been apparent in the context of the tariff war between the United States and China. Impacts According to the IMF, Chile will be the region’s fastest-growing economy this year, just ahead of Peru. The government will walk tightrope between a need for fiscal austerity and social demands. The tariff war will underscore the pressing need for diversification out of commodity exports.

The Usurped Powers of the Senate

1906 ◽  
Vol 1 (1) ◽  
pp. 1-16 ◽  
Author(s):  
A. Maurice Low
Keyword(s):  
United States ◽  
The United States ◽  
The Other ◽  
Constitutional Government ◽  
Legislative Authority ◽  
The People ◽  
The Federalist ◽  
The Government ◽  
As If

A century of constitutional government in the United States has served to emphasize the wisdom of Hamilton's warning of “the tendency of the legislative authority to absorb every other.” He clearly foresaw and attempted to guard against, dangers that today are only too apparent. “In governments purely republican,” he wrote, “this tendency is almost irresistible. The representatives of the people, in a popular assembly, seem sometimes to fancy that they are the people themselves, and betray strong symptoms of impatience and disgust at the least sign of opposition from any other quarter; as if the exercise of its rights, by either the executive or the judiciary, were a breach of their privilege and an outrage to their dignity. They often appear disposed to exert an imperious control over the other departments; and, as they commonly have the people on their side, they always act with such momentum as to make it very difficult for the other members of the government to maintain the balance of the Constitution.”Never did human ingenuity devise a more nicely balanced system of government than when the framers of the Constitution allocated to the executive and to the legislature the exercise of powers not to be infringed by the other; but like many things human the intent has been perverted. Every person familiar with the Constitution, the debates in the convention, and the writings of Madison, Hamilton, and Jay in The Federalist, must know that the purpose of the framers of the Constitution was to create a system of government by which the President should become neither the creature nor the controller of the legislature; and by vesting certain exclusive powers in the popular branch and certain other powers in the Senate to provide that the line of demarcation between the two houses should not be overstepped.

The Special Diplomatic Mission of the United States to the Provisional Government of Russia

1917 ◽  
Vol 11 (4) ◽  
pp. 757-762
Keyword(s):  
United States ◽  
United States Of America ◽  
Democratic Republic ◽  
Chief Executive ◽  
The United States ◽  
The People ◽  
The Government ◽  
Free People

The mission for which I have the honor to speak is charged by the Government and the people of the United States of America with a message to the Government and the people of Russia.The mission comes from a democratic republic. Its members are commissioned and instructed by a President who holds his high office as Chief Executive of more than one hundred million free people, by virtue of a popular election in which more than eighteen million votes were freely cast and fairly counted, pursuant to law, by universal, equal, direct and secret suffrage.

scholarly journals ARGENTINA EN EL MUNDO: ¿IDAS Y VUELTAS?

2021 ◽  
pp. 125-135
Author(s):  
Alejandro SIMONOFF
Keyword(s):  
United States ◽  
Foreign Policy ◽  
Institutional Change ◽  
Presidential Elections ◽  
Western Europe ◽  
The United States ◽  
The Future ◽  
The Government ◽  
Policy Agendas

The article seeks to find the reasons why Argentina’s foreign policy is shown to be oscillating, fundamentally thinking about the latest institutional change, and to explore some of the keys aspects of this event. Argentina’s foreign policy has gone through different stages and the last presidential elections have shown potential changes regarding the future of this agenda. The article begins with a brief review of the foreign policy implemented in the government of Mauricio Macri, based on an alignment with the United States, Western Europe and Japan as world powers. The next section presents analytical perspectives for foreign policy agendas. Subsequently, the article presents an analysis of the notable movements of the government of Mauricio Macri in foreign policy.

scholarly journals Influence and the New American Revolution

2017 ◽  
Vol 11 (2) ◽  
pp. 39-44
Author(s):  
Raghav Sharma
Keyword(s):  
American Revolution ◽  
The United States ◽  
American People ◽  
American Government ◽  
Finance Reform ◽  
Effect Change ◽  
The People ◽  
The Government ◽  
And Control ◽  
The Relationship

Contemporary political discourse in the United States is rife with ideas on how our society can change and reform — in particular, issues such as campaign finance reform, income inequality, and the use and control of firearms are in need of a comprehensive response that is attentive to the needs and will of the American people. Sadly, the relationship between the American people and our government is currently in a dismal state. This relationship between the people and the government has become unbalanced and unfair, reducing the likelihood of change and deterring individuals from believing in their ability to influence such reform. The need to understand our capacity to effect change, though, is absolutely necessary. The issues facing the American government at this time are as numerous as they are serious, but ideas and proposals are coming forward with the potential to rebalance this relationship. More importantly, they have the potential to usher in a new American Revolution that makes good on the democratic promise of a government for, of and by the people. 

Eventual US rate rises may force budget spending cuts

2019 ◽  
Keyword(s):  
Federal Government ◽  
Student Loans ◽  
The United States ◽  
Stress Tests ◽  
Main Interest ◽  
Content Type ◽  
College Costs ◽  
Debt Dynamics ◽  
The Government ◽  
Spending Cuts

Subject US debt dynamics. Significance The Federal Reserve (Fed) responded to the debt bubble built up in the United States ahead of the 2008-09 crisis by lowering its main interest rate and buying bonds. The Fed succeeded in the sense that there have been no spectacular failures in recent years, unlike in Europe, where banks have failed despite passing stress tests. The aim was to support credit markets and discipline bad actors, but the policies have largely allowed the federal government to finance deficits cheaply and allowed non-financial businesses to borrow at low rates. Impacts Lower rates for even longer are raising the amount of low-rated debt being taken out with relaxed covenants; concerns could escalate. If rate tightening comes sooner and faster than expected, the government will be pressured to cut borrowing to ward off a credit downgrade. Cancelling student loans and reducing college costs will be a key topic during the 2020 election campaign.

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