Treasury returns to economic rigour

“First and foremost, there is the need to maintain fiscal space for fiscal policy to play a shock-absorber role. That means paying our debt down during normal economic times.” With these words, Treasury Secretary Iain Rennie signalled a welcome return to sound economic principles in his speech launching the draft Te Ara Mokopuna 2025, the Treasury’s Long-term Insights Briefing on how to manage government finances sustainably. Read more

Dr Oliver Hartwich
Insights Newsletter
17 April, 2025

The devilish paradox of Trump’s legacy in Europe

There is a devil in European literature who claims an unexpected virtue: he intends evil but accomplishes good. In Goethe’s masterpiece “Faust,” Mephistopheles – essentially the devil – tells us: “I am part of that power which eternally wills evil and eternally works good.” This paradox from German literature’s greatest work perfectly captures a surprising phenomenon unfolding today: Donald Trump may be the Mephistopheles that Europe did not know it needed. Read more

Dr Oliver Hartwich
Newsroom
15 April, 2025

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