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The French fiscal crisis is fundamentally caused by generational imbalances in welfare and tax systems.
Drawn from what Niall Ferguson said
Subjectenergy
What Niall Ferguson actually said
- Niall Ferguson Scottish-American historian
The French (and British and Italian) fiscal crisis is at root due to generational imbalances in welfare and tax systems, exacerbated by reflexive Keynesian spending every time anything nasty happens (a financial crisis, a pandemic, a war, an energy shock).
Where this was said
↗Why Europe Is Burningniallferguson.substack.com
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