Fiscal Theory

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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.”

Frank Shostak

Bruce Bartlett recently lamented that we need more Keynesian medicine to fix the US economy.