Topic: Fiscal Policy

Fiscal Policy, International, Monetary Policy, Sound Money Project

Is Argentine Disinflation Sustainable?

– April 26, 2024

“Milei’s lack of political support in Congress adds to the uncertainty surrounding his ability to successfully pass deregulatory reforms… it is premature to declare victory on the fiscal and inflationary fronts in Argentina.” ~Nicolás Cachanosky

Economic Growth, Fiscal Policy, Taxation

Take the Government Out of GDP

– April 25, 2024

“Tax revenues are harvested from private citizens by means of coercion and extractive measures… Paying taxes to remain free of incarceration or not face withering financial penalties is hardly indicative of cooperative exchange. ” ~Tom Savidge and Peter C. Earle

Fiscal Policy, Taxation

Another Dismal Tax Day: Can It Drive Fiscal Reform?

– April 15, 2024

“The pain and uncertainty from an ever-changing federal progressive marginal individual income tax system with forced withholding and payment or refund later are destructive.” ~Vance Ginn

Crisis, Fiscal Policy, War and Peace

Uncle Sam, Addicted to Debt, Faces Future Military Bills

– April 8, 2024

“When the inevitable crisis hits, it will be even more difficult to reach a rational solution. Better to start now with the misnamed Defense Department.” ~Doug Bandow

Environmentalism, Fiscal Policy, Policy, Property Rights

How the Subsidy Straw Is Sucking The Colorado River Dry

– April 4, 2024

“A trifecta of farming-sector entitlements have incentivized producers to grow thirsty plants, underpriced water extraction, and created moral hazard….Subsidies have made water 10 times cheaper in Arizona than in Michigan.” ~Peter Clark

Economic Growth, Financial Markets, Fiscal Policy

US Manufacturing is Doing Just Fine

– April 2, 2024

“Faced with the increased prosperity that has correlated with lowered trade barriers, making the case that trade liberalization has led to widespread harm is no easy task.” ~Colin Grabow

Fiscal Policy, Unemployment

Assessing Bidenomics: The Fatal Conceit of National Commercial Policy

– April 2, 2024

“Roughly 50 cents out of every dollar of economic activity in the US is controlled by a government, rather than an entrepreneur, consumer, or investor. That is bad news for efficiency and growth. It’s also bad news for liberty.” ~Nikolai G. Wenzel

Fiscal Policy, International, Unemployment

Did Government Red Ink Make the US More Dynamic than Europe?

– April 1, 2024

“The new ‘reshuffling’ thesis of American recovery doesn’t make much sense on the evidence. It serves a convenient political purpose, helping to justify massive federal stimulus.” ~Jason Sorens

Fiscal Policy, Free Trade, Technology

Industrial Policy’s Short-Run Booms Risk Long-Term Failures

– March 28, 2024

“Small firms like GF will enjoy morsels, but legacy firms like Intel — who are already more immune to market shocks and decline — make subsidies into a buffet.” ~Ryan M. Yonk and Jacob Bruggeman

Fiscal Policy, Free Trade, Regulation

Red Alert: Biden’s Biggest Chips Act Expense Yet

– March 28, 2024

“When politicians resort to deficit spending to bankroll industrial ventures, they put upward pressure on interest rates by issuing more debt and competing with scarce private funds.” ~Vance Ginn

Crisis, Fiscal Policy, Taxation

Fiscal Federalism Turned Upside-Down

– March 25, 2024

“Federal spending spikes immediately after a recession or emergency, then lowers when the crisis subsides, but never down to pre-crisis levels.” ~Peter C. Earle and Thomas Savidge

Books, Economic Theory, Fiscal Policy

Congress Could Unload the Fed’s Weapon

– March 21, 2024

“If Congress could balance its budget, which hasn’t happened since 2001, it would remove a bullet the Fed could shoot at the economy.” ~Vance Ginn