Fiscal Policy

Wednesday, January 9th, 2019

Argentina has secured an IMF agreement and announced aggressive policies to reduce its fiscal deficit and inflation rate. But that might not be enough to comfort its creditors.

Sunday, January 6th, 2019

If those on the left who subscribe to MMT believe political history will end once they finally implement their enlightened government programs, they are guilty not just of bad economics but of astounding political naivete.

Wednesday, December 19th, 2018

With the ratio of debt to GDP exceeding 100 percent, a crisis is not unthinkable.

Tuesday, December 11th, 2018

Conventional wisdom says that inequality in the United States is spiraling out of control. But what do the data actually say?

Friday, October 26th, 2018

Long-run growth projections have plummeted since the Great Recession. How much blame does fiscal austerity bear for this bleak outlook?

Tuesday, October 2nd, 2018

The essence of economics is far too complex to accredit to a politician.

Tuesday, September 18th, 2018

Social Security is in the hole. It’s time to stop digging. 

Saturday, September 1st, 2018

Coyne and Hall argue forcefully for cultivating a consistent anti-war ideology, one grounded in the economic analysis of the true costs of militarization.

Wednesday, August 22nd, 2018

Weaponizing one’s influence over expectations can certainly shake up a political scene. But it also serves to shake markets, the source of material prosperity.

Monday, August 20th, 2018

The bottom line is that none of us can afford the true budgetary costs of the Democrat Socialist dream. And that’s just the financial costs. It says nothing about the stifling of innovation, of entrepreneurship, and of work under such plan. It’s amazing what twenty-five years can do to a political party’s ideology.

Saturday, March 24th, 2018

A sovereign GDP-linked bond pays the bondholder only if certain economic conditions hold.

Tuesday, February 13th, 2018

After nearly a decade of decrying austerity programs, Krugman finally understands the monetary offset.

Wednesday, January 24th, 2018

What would happen if local governments had a lot more control over policy? Some localities could lower taxes and provide fewer services, while others could do the opposite. Local school boards could have much greater control over curricula and measuring outcomes. And many aspects of the culture wars could be settled at a level where far more consensus likely exists.

Tuesday, January 23rd, 2018

It’s time to put a final close on the era of government hegemony over our lives. There need never be another drama over closings of government offices. Shut them down for good. Sell the assets. Privatize the services.

Friday, July 18th, 2014
Today’s T.E.A. party adherents have it right. We are Taxed Enough Already! So why is raising the inflation tax gaining popularity with policymakers around the world?
Friday, November 22nd, 2013
By Steve Hanke   Well, it’s official, the economic talking- head establishment has declared war on Germany. The opening shots in this battle were fired by none other than the United States Treasury Department,
Tuesday, September 3rd, 2013
By JEFFREY BELL AND RICH DANKER There is thought to be a pitched battle raging within the White House over President Obama's pick to succeed Federal Reserve Chairman Ben Bernanke when his term expires early next year.
Tuesday, March 5th, 2013

Does the Chairman really believe that the Fed will be able to just sit back and watch the money supply unwind itself?

Monday, February 25th, 2013
Money manager Peter Schiff predicts, “We are headed for a monetary crisis, a dollar crisis. . . .