spendingaddict

Spending Addicts Rule the House

– July 15, 2019

When comes to spending, there are no adults in the house, only a bunch of spending addicts.

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debtburden

The Burden of Government Debt and James Buchanan’s Corrective

– July 15, 2019

Keynesians believe that during recessions lunches really are free.

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extendednose

Tax-Extender Follies

– June 21, 2019

Every year or so, Congress reauthorizes a package of expiring tax provisions commonly known as “tax extenders.” Usually, these extenders grant some economic privilege tailored to some particular group or business interest.

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helicoptermoney

Debt, Deficits and the Cost of Free Lunches

– June 18, 2019

Any defense of or desire for fiscal restraint and less government spending and borrowing are entirely out the window.

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congresspeople

Fiscal Profligacy: A Failure of Congress and the People

– June 13, 2019

Almost everybody likes receiving services from the government. Almost nobody likes paying for them.

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drowning

When will Federal Debt Become THE Question?

– May 24, 2019

The amount of public debt to be serviced is huge and growing, and we’re in uncharted territory now.

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pesos

What Should Modern Monetary Theory Learn From Argentina?

– March 27, 2019

Can governments run large fiscal deficits financed with new money without generating significant inflation? The experience of Argentina calls this view into doubt.

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spendingmoney

The Myth of Budget-Neutral Spending

– March 25, 2019

Advocates of new government programs often promise that their programs are budget neutral — meaning that adoption of these programs will not increase net government spending. It’s never true. 

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belgium-1632048_1280

Sovereign Bonds Since The Battle of Waterloo

– March 12, 2019

The history of sovereign debt appears to be a history of default, repudiation, and limited debt enforcement. Why, then, do investors keep going back?

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deficitdebt

Debts and Deficits are Out of Control

– February 5, 2019

Government spending and borrowing has been and will continue to be seriously out of control, with dire longer-run consequences if not addressed, while addressing it would be far less of a fiscal disaster than it will be if the country is left to follow its current course.

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normandy

AOC is Calling For Wars She Can’t Win

– January 25, 2019

Strong centralized nation-states are good at marshaling resources to defeat other nations in wars. But how have more recent “wars” we’ve fought against drugs, poverty, and terrorism turned out? Society has gone through staggering changes since 1941, and so have the problems we face. The left should think long and hard about these changes before planning its next round of wars.

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defensedepartment

How About Improper Payments in the Military?

– January 25, 2019

Imagine if a company behaved this way, and refused to get audited for 26 years straight and then failed its audit. How long do you think its investors would stick around?

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