Topic: Fiscal Policy

Growing Pains

– October 24, 2018

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

Business Conditions, Fiscal Policy, Monetary Policy

Whose Economy is it, Anyway?

– October 2, 2018

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

Economic Education, Fiscal Policy

Making America Broke (More Than It Already Is)

– September 18, 2018

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

Fiscal Policy

Tyranny Can Be the Cost of Bad Public Policy

– September 1, 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.

Fiscal Policy, Monetary Policy

Policy Trajectory and Investor Expectations

– August 20, 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.

Fiscal Policy

The Economic Realities of Democratic Socialism

– August 19, 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.

Fiscal Policy

Shiller on Sovereign GDP-linked Bonds

– March 23, 2018

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

Fiscal Policy, Monetary Policy

Lesson Learned

– February 12, 2018

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

Fiscal Policy

Localize It

– January 24, 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.

Fiscal Policy

The Real Losers In the Shutdown Fiasco

– January 23, 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.

Fiscal Policy, Inflation, Sound Money Project

We are Taxed Enough Already

– July 18, 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? The central idea of post WWII monetary arrangements was that the US dollar would be fi …

Fiscal Policy, Sound Money Project

“Après moi le deluge”

– December 31, 2012

During a recent interview on NTN24TV, I was asked about the difference between the fiscal deficit and the fiscal “cliff.” I told them that the deficit is more like a flood (deluge), and that explanation led me to write an op-ed for Investors Business …