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Over the past two years, European policymakers have not taken full advantage of favorable global market conditions. As a result, there remains a real risk that the Eurozone will experience yet another crisis once interest rates normalize.
One has to wonder what Olli Rehn, the European Union’s Commissioner for Economic and Monetary Policy Affairs, is looking at when he boldly asserts that deflation is not a risk for Euro member countries. Not only does he seem to be glossing over the rapid pace of disinflation that has already occurred in Europe.
In No Way Out: Persistent Government Interventions in the Great Contraction, editor Vincent R. Reinhart brings together an array of professional and academic authors to generate a narrative of the 2007–08 financial crisis, its causes, and likely recurrences.
Historic experience suggests that bad economic times all too often spawn beggar-my-neighbor policies. Sadly, the global economy is already facing difficult economic times. And there is every reason to expect that those bad economic times will get materially worse in the years that lie immediately ahead.
We welcome you to join us as Brown shares her perspective on the role of the courts in seeking educational justice and advocating for continued reform.
AEI welcomes you to this Philanthropic Freedom Project event, in which Novogratz will describe her work investing in early-stage enterprises, what she has learned at the helm of Acumen, and the role entrepreneurship can play in the fight against global poverty.