Fiscal Theory

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Walter Block

In this article, Walter Block reviews Bryan Caplan’s The Myth of the Rational Voter: Why Democracies Choose Bad Policies.

Christopher P. Casey

Even mainstream empirical data shows that the Phillips Curve is wrong and that inflation does not cure unemployment.

Frank Hollenbeck

Keynesians use a very narrow definition of inflation, but if we have a better and broader understanding of prices and money, we can see that asset-price inflation is all around us. The Fed is doing nothing to help the situation, and is only helping perpetuate a bubble.
 

Patrick Barron

What the media calls a “currency war,” whereby nations engage in competitive currency devaluations in order to increase exports, is really “currency suicide.”