Fiscal Theory

Displaying 11 - 20 of 236

US National Debt Crosses $18 Trillion

Big GovernmentCorporate WelfareTaxes and SpendingU.S. EconomyFiscal Theory


US National Debt now exceeds $18 Trillion with no end in sight. Will we see national default on the debt or hyperinflation?

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Hagel's 'Defense Cuts' Are Smoke And Mirrors

War and Foreign PolicyFiscal TheoryProduction Theory


by Ron Paul

Last week Defense Secretary Chuck Hagel proposed an additional 40,000 reduction in active duty US Army personnel, down to 450,000 soldiers. As US troops are being withdrawn from the recent wars in Afghanistan and Iraq, it might make sense to reduce not only the active duty...

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Review of Gene Epstein, Econospinning

Financial MarketsFiscal Theory

Gene Epstein finds little fault with government's economic numbers and plenty of fault with the reporters and pundits who use those numbers.
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Presented without comment

Fiscal Theory


Senator Norm Coleman, quoted in the NYTimes: "Government is about first-class service. It is certainly not about first-class lifestyles."

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How to Build a Railroad

Fiscal TheoryInterventionismMonopoly and Competition


Like Anthony Gregory, I agree with many of the nominees for the "Free Market Hall of Fame." Unfortunately, as Gregory notes, too many good guys are...

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America's Siberia

Taxes and SpendingFiscal TheoryInterventionismPolitical Theory


It appears that the Appalachians are about to move again. Earthquakes? Shifts in tectonic plates? Not this time. Instead, the movement will be the result of an even more damaging force: congressional legislation.

As a young buck growing up in Pittsburgh, I enjoyed riding my bike through...

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Restoring dignity

Fiscal TheoryPolitical Theory


How do you restore the dignity supposedly missing from our capitalist society? According to the socialists at the Economic Policy Institute (EPI), you restore dignity by having one group of Americans thieve from another, and you have government arrange the...

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LBJ Would Be Proud

Fiscal Theory


of Bush's $3 trillion budget for FY 2008, but why is the "conservative" Heritage Foundation praising the president for—are you ready—reining in entitlement costs? Concludes Brian Riedl:

The President deserves praise...
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What Is "Originary Interest"?

Financial MarketsMoney and BanksCapital and Interest TheoryFiscal TheoryMoney and Banking

09/03/2019Mises Daily Articles
People do not save and accumulate capital because there is interest. Interest is neither the impetus to saving nor the reward or the compensation granted for abstaining from immediate consumption. It is the ratio in the mutual valuation of present goods as against future goods.
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