Fiscal Policy

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, December 28th, 2012

The Federal Reserve’s decision to enter the New Year by extending and enlarging its policy of quantitative easing is another step toward “helicopter money”

Friday, December 14th, 2012

The Federal Reserve’s latest moves to reduce borrowing costs and boost the economy could be hard to reverse

Friday, October 19th, 2012

The hyperbolic trend increase in the quantity of money is a reflection of this necessity, implying that if the Fed’s money issuance is at a slower rate than required, then strains will appear in the financial system. There are a number of reasons behind this monetary acceleration, not least the need to perpetuate bubbles in securities markets, but there are three major underlying problems.

Tuesday, October 16th, 2012

Journalists, politicians and economists all seem to agree that the biggest economic issue currently worrying voters is unemployment. It follows then that most believe that the deciding factor in the presidential race will be the ability of each candidate to convince the public that his policies will create jobs. It seems that everyone got this memo...except the voters.

Friday, October 5th, 2012

A policy of low but persistent inflation anesthetizes workers to declining real wages.

Monday, October 1st, 2012

It isn't terribly often that people discuss the development of total war in tandem with the development of modern central banking, which — although antecedents existed long before — also came into its own in the 20th century.