Fiscal Theory

Displaying 1 - 10 of 239

Rothbard: The Myth of Tax "Reform"

Big GovernmentTaxes and SpendingFiscal TheoryInterventionism


Our taxes are due today. It's a reminder that we must get past the tax reformers’ favorite ploy of revenue neutrality.

Read More

Does an Increase in Demand Cause Economic Growth? How Keynesians Reverse the Roles of Demand and Supply

KeynesMonetary PolicyFiscal Theory


Standard Keynesian theory posits that if the economy slows, government can revitalize it by increasing spending, which supposedly creates new demand. But government can't create something from nothing.

Read More

Government Spending Is the Real Tax; Deficits Are a Sideshow

Economic PolicyProgressivismFiscal Theory


While politicians claiming to be "fiscally responsible" call for balanced budgets, the real drag on the economy is government spending itself.

Read More

A Program to Stabilize the Economy—in Four Words

Fiscal Theory

Paul Cantor recently surprised us by revealing the line the he remembers Mises speaking at his seminar at NYU.
Read More

America Needs a Good, Old-Fashioned Economic Depression

Global EconomyFiscal TheoryInterventionism


Central bankers are moving heedlessly toward what Ludwig von Mises called "crack-up boom."

Read More

The Keynesian Blessing: Americans Are Broke

Money and BanksU.S. EconomyFiscal TheoryMoney and BankingPolitical Theory


Many Americans now lack even small amounts of savings to deal with life emergencies. This is a triumph for Keynesian economics.

Read More

The War on Cash is Ancient

Taxes and SpendingWorld HistoryFiscal Theory


The war on cash is a war on commerce, or rather, on any commerce that can't be monitored and controlled by government.

Read More

Of Course the US Government Will Default on Its Debt

Big GovernmentTaxes and SpendingFiscal Theory


The real question about an American default has always been less a matter of if, and more a matter of how and when.

Read More

"Who Will Pay for It?" is the Wrong Question To Ask Politicians

Taxes and SpendingFiscal Theory


It's vital to debunk promises of "free stuff" but we often concentrate too much on the "free," and not enough on the "stuff."

Read More