Does Government Spending Bring Prosperity?
If the government reduces both taxes and spending, it will leave more money in private hands.
If the government reduces both taxes and spending, it will leave more money in private hands.
People are being told by governments, central bankers, and leading mainstream economists that money-base expansion is not inflationary — because th
In holding money, its owner gains in the satisfaction of being able to meet instantly, as they unpredictably arise, the widest range of future contingencies.
Doctrinally, "Keynesianism" would have to be regarded merely as a recent, one-way swing of the pendulum such as the world has often experienced before this time in the direction of distinct overvaluation of the possibilities and effects of monetary manipulations and alterations.
"The 'paradox of thrift' is actually an essential liquidation process that characterizes economic corrections."
"It is no coincidence that Mankiw's worldview leads him to literally propose destroying the currency in order to fix the economy."
If the current level of output and employment is made to depend on inflation, a slowing down in the pace of inflation will produce recessionary sym