Canadian Fiscal Lessons for Britain’s Fiscal Woes

– October 3, 2022

“The Canadian experience suggests that it is entirely possible to enact the spending cuts that many claim are necessary to balance the announced tax cuts in Britain.” ~ Vincent Geloso

READ MORE

There Is No Such Thing As Student Debt Cancellation

– September 19, 2022

“The cancellation narrative is reinforced by advocates talking about the benefits of the debt relief, while remaining silent about its costs. There is no such thing as debt cancellation. The loan will be repaid. The only question is who will foot the bill.” ~ Nicolás Cachanosky

READ MORE

Federal Reserve Operating Losses and the Federal Budget Deficit

– September 7, 2022

“In 2023, the Fed will likely report tens of billions of dollars in operating losses as it raises interest rates to combat raging inflation. Will Fed losses increase the budget deficit as logic dictates they should, or will they be treated as an off-budget expenditure?” ~ Paul H. Kupiec & Alex J. Pollock

READ MORE

What Happened to Reducing Inflation?

– August 24, 2022

“The NBC News poll asked what impact voters believed the new law, whatever it is called, will have on them personally. Just 26 percent said it would make things better; 35 percent said it would make things worse.” ~ Michael Graham

READ MORE

Raising Corporate Taxes Does Not Help Workers

– August 19, 2022

“Members of Congress should not be in the business of punishing people when they make voluntary financial decisions that members emotionally don’t like.” ~ Norbert J. Michel

READ MORE

A Way Out

– August 1, 2022

“What’s remarkable is that a plan that makes retirees better off, makes the government better off, and shuts down Social Security without cutting benefits to existing retirees or raising payroll taxes on existing workers would be possible at all.” ~ Antony Davies

READ MORE

The Fed’s Share of Public Debt: Worsening Withdrawal Symptoms?

– July 20, 2022

“Can Congress quit the Fed’s easy money policy that has allowed them to push debt levels well above 100% of GDP, or will the addiction demand more QE to support Washington’s spending habit?” ~ Peter T. Calcagno & Edward J. Lopez

READ MORE

Washington’s Budget Deficits: Size and Composition Matter

– July 4, 2022

“Since entitlements are off the table under threats of touching ‘the third rail of politics,’ then proponents of fiscal discipline have been trying to reform and constrain an ever-smaller portion of the overall budget.” ~ Peter T. Calcagno & Edward J. Lopez

READ MORE

Want to Understand the Inflation Problem? Look to Harvey Road, Not Pennsylvania Avenue

– June 24, 2022

“A bipartisan generation of loose money and loose budgets has created major negative spillover effects, and today’s inflation problem is what we all have to show for it.” ~ Peter T. Calcagno & Edward J. Lopez

READ MORE

Student-Loan Forgiveness Will Cover Non-Education Purchases, Say, Newer Cars

– June 17, 2022

“The fungibility of student loans means that taxpayers will be saddled with paying for parents’ and students’ non-college purchases. Many professors will, understandably, root for student-loan forgiveness.” ~ Richard McKenzie

READ MORE

Government Debt and Inflation: Reality Intrudes

– March 22, 2022

“Sooner or later, absent substantially lowering government spending or raising taxes, interest payments will overwhelm the government’s budget. The situation might even be termed a sovereign debt crisis.” ~ Gerald P. Dwyer

READ MORE

Government Greed

– March 7, 2022

“Perhaps the biggest fail of them all is that many Americans whose real incomes are declining but whose nominal incomes have increased will be forced on 15 April to pay higher real taxes. Come to think of it, government isn’t greedy. It’s rapacious.” ~ Robert E. Wright

READ MORE