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Decrease taxes, increase spending!, doesn’t feel as sound economic policy


In the past years, almost everything related to economics and economic debate was built on tax initiatives. But economic performance does not simply emerge, by itself, only through changes in taxes. It needs structural accumulation, concrete rules and credibility for the well-functioning of markets, competitively and predictability for the business environment,

In economic policy, policymakers must learn from previous mistakes


surselecresteriiIt is important that policymakers are aware of previous mistakes and responsible when it comes to economic policy. In the economy, resources are limited, and that’s the reason why we can’t afford to have all at once. National fiscal policies, although they benefit from Parliament’s support, are sometimes against the rules of fiscal governance, which were also adopted by the

The Romanian economy is almost built around the state budget


Fiscal policy does not need to solve only the quantitative and, often, circumstantial problems of the budget, as it happened, unfortunately, until now, but rather to solve structural, profound problems of the economy. At the same time, in my opinion, structural reforms should mean more than professionalizing the management and cleaning the SOEs sector. Consolidating the

The crisis and the capitalism – from Marx to the “smart boys” on Wall Street


Before pretending to display economic realism, especially in the context of the recent economic crisis, left-wing politics should, first of all, understand the fundamental problem of the state, that is “to see” its natural, inherent limits. Because, as Ludwig Erhard, an artisan of Western Germany’s post-war revival, said, “the government is not a cow that is fed in Heaven and can be milked

Ideas are the ones that really run the world


Who runs the world – economics or politics? Both of them, or neither one especially. Both economics and politics have their own facets. We must think about a re-evaluation, from a scientific point of view, of the idea of “politics” as something omnipotent that solves anything and satisfies everybody, without costs and sacrifices. Economists would say that, logically, something like

Cosmin Marinescu
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