Daily Archives: July 24, 2020

Macroeconomics: Governments must beware the lure of free money – The Economist

  • Budget constraints have gone missing. That presents both danger and opportunity
Jul 23rd 2020 edition – The Economist

It is sometimes said that governments wasted the global financial crisis of 2007-09 by failing to rethink economic policy after the dust settled. Nobody will say the same about the covid-19 pandemic. It has led to a desperate scramble to enact policies that only a few months ago were either unimaginable or heretical. A profound shift is now taking place in economics as a result, of the sort that happens only once in a generation.

Much as in the 1970s when clubby Keynesianism gave way to Milton Friedman’s austere monetarism, and in the 1990s when central banks were given their independence, so the pandemic marks the start of a new era. Its overriding preoccupation will be exploiting the opportunities and containing the enormous risks that stem from a supersized level of state intervention in the economy and financial markets.    Continue reading

Guyana Politics: The Guyana Renewal Project – “Proposal for Inclusive Governance Approach in Guyana,”

The Guyana Renewal Project 

Article 13 of Guyana’s Constitution declares:

The principal objective of the political system of the State is to establish a inclusionary democracy by providing increasing opportunities for the participation of citizens, and their organisations, in the management and decision-making processes of the State, with particular emphasis on those areas of decision-making that directly affect their well-being.

The operationalization of this fundamental national principle must be an outcome of the resolution of Guyana’s current political crisis. Since the submission of the report of the Constitution Reform Commission to the National Assembly on July 17, 1999, successive governments have failed to take the decisive action needed to implement the spirit of Article 13. As a result, the state of Guyana has lurched from crisis to crisis during its election cycles.

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Guyana Elections: No talks with APNU+AFC before GECOM declares winner based on vote recount- Jagdeo

Flashback: Jagdeo meets Granger

PPP General Secretary, Bharrat Jagdeo told News-Talk Radio Guyana 103.1 FM / Demerara Waves Online News that there are no efforts by mediators to bring the two sides to the table.      Continue reading

Guyana Politics: Granger rejects recount figures; wants ‘declaration’ based on valid votes

President David Granger

 – Latest coalition statement signals departure from prior commitments

A statement issued by the A Partnership for National Unity + Alliance For Change (APNU+AFC) Coalition yesterday outlined the clear position of their leader, de facto President David Granger that he will not be accepting any declaration based on the figures derived from the National Recount. This represents the most significant departure yet from prior commitments made by Granger,

“We maintain,” the statement said, “that the Elections Commission can only make a ‘declaration’ based on valid votes. The recount process which was conducted, painstakingly, for thirty-three days revealed massive irregularities and extensive fraud which cannot be foisted on the Guyanese people to contrive an outcome that betrays the will of the electorate.”      Continue reading