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Jan 8, 2025 | 
city-journal.org | Patrick Horan
Just over a year ago, Javier Milei, the eccentric, chainsaw-wielding libertarian economist, won the presidency in Argentina against a backdrop of soaring inflation and rising poverty. Since taking office, Milei has aggressively pursued a free-market program of fiscal austerity and deregulation. This approach contrasts strongly with Perónism, the strongly interventionist economic ideology followed by most Argentine presidents since its namesake, Juan Perón, rose to power in 1946.
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Nov 7, 2024 | 
msn.com | Patrick Horan
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Sep 30, 2024 | 
mondaq.com | Patrick Horan |Mary Dineen
On 19 September the Court of Justice of the European
Union (CJEU) issued a judgment annulling the European Commission
Decision concluding that an exemption in the UK Controlled Foreign
Company ("CFC") legislation, relieving multinational
groups from the full CFC charge in certain circumstances,
constituted partially illegal State aid.
The European Commission Decision concerned an exemption within
the UK CFC rules known as the 'group financing exemption'.
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Sep 17, 2024 | 
discoursemagazine.com | Patrick Horan
By Patrick HoranThe Federal Open Market Committee (FOMC), the Federal Reserve’s monetary policy decision-making body, is set to begin cutting its interest rate target tomorrow. As recent as last week, the FOMC seemed set to cut the target by only 25 basis points – or a quarter of a percentage point. However, many economists and other observers are expecting a larger 50-basis-point cut.
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Sep 12, 2024 | 
lexology.com | Fintan Clancy |Ailish Finnerty |David Kilty |Orlaith Kane |Richard Ryan |Patrick Horan | +1 more
The Court of Justice of the European Union (CJEU), sitting as the Grand Chamber has handed down its judgment in the Apple case. In 2016 the European Commission concluded that Ireland granted illegal State aid to two Apple group subsidiaries in two tax rulings granted in 1991 and 2007. The General Court had annulled this Decision, but the CJEU has upheld the Commission Decision in full and given final judgment on the matter with no remittance back to the General Court and no ability to appeal.
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Aug 20, 2024 | 
city-journal.org | Patrick Horan
Donald Trump’s running mate, Senator J. D. Vance of Ohio, maintains that a weaker dollar is necessary for creating more manufacturing jobs. Additionally, in April, former U.S. Trade Representative Robert Lighthizer and other Trump advisers floated a proposal to “devalue” the dollar, arguing that a cheaper dollar would boost U.S. exports and reduce the trade deficit.
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Aug 3, 2024 | 
thehill.com | Patrick Horan
Last year, the U.S. economy grew at a faster rate than any other large, advanced economy. It looks like it will do so again this year. This strong performance leads some economists to credit the Biden administration’s large fiscal stimulus policies. But with the national debt now over $35 trillion, hopefully, either a Harris or a Trump administration recognizes that this is a misleading analysis. Crediting fiscal stimulus for the current economy misses two crucial points.
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Jul 10, 2024 | 
heartlanddailynews.com | Patrick Horan
Federal Reserve should let exchange rates float and pursue better inflation management to deal with the dollar’s volatility. By Patrick HoranFor the past two years, the U.S. dollar has been especially strong relative to other major currencies. The greenback’s strong appreciation has prompted Wall Street Journal columnist Joseph Sternberg to contend that the Federal Reserve should take a larger role in managing our nation’s currency.
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Jul 9, 2024 | 
discoursemagazine.com | Patrick Horan
By Patrick HoranFor the past two years, the U.S. dollar has been especially strong relative to other major currencies. The greenback’s strong appreciation has prompted Wall Street Journal columnist Joseph Sternberg to contend that the Federal Reserve should take a larger role in managing our nation’s currency.
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May 17, 2024 | 
discoursemagazine.com | Patrick Horan
By Patrick HoranThis is the second of two articles on reforming the Federal Reserve; the first concerns how to balance Fed independence and accountability in terms of monetary policy. A few weeks ago, The Wall Street Journal reported on a plan, written by advisers to former President Trump, that would give the president greater authority over the Federal Reserve, should Trump be reelected in November.
