Economic Policy inequality

Is Germany Catching Trump’s Tax Disease?

The op-ed was first published on Project Syndicate on January 26, 2018.

After months of negotiations, another grand coalition government – comprising Chancellor Angela Merkel’s Christian Democratic Union (CDU) and a grudging Social Democratic Party (SPD) – is taking shape in Germany. But the new government seems likely to miss the opportunity afforded by Germany’s strong economic and financial situation to pursue much-needed reforms.

In fact, the fiscal policies that Germany’s emerging government is discussing bear a remarkable resemblance to

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