Over the last few weeks, I have attended several conferences dealing with the wartime situation in Israel. One of the most effective groups of speakers about the current state of the Israeli economy at war was organized recently by the Israel Democracy Institute – its annual Eli Hurvitz Conference on Economy and Society – in Jerusalem.

IDI president Yohanan Plesner opened the convention, saying that he cannot remember such a threat to Israel’s national resilience in a long time. The general consensus among the economists in attendance was that Israel is suffering from a leadership vacuum. In times of crisis, leadership is measured by the ability to turn challenges into opportunities. Under the direction of Prof. Karnit Flug and Prof. Manuel Tractenberg, an analysis of priories in the budget was presented in order to restore fiscal credibility.

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