Fiscal Theory
Currency War Means Currency Suicide
What the media calls a “currency war,” whereby nations engage in competitive currency devaluations in order to increase exports, is really “currency suicide.”
Monetary and Fiscal Policy
Interviewed by host Alan Butler, Mark Thornton discusses monetary and fiscal policy.
Drowning in a Liquidity Trap?
Bruce Bartlett recently lamented that we need more Keynesian medicine to fix the US economy.
“Tax Expenditures”: Not Taxing Is Allegedly Spending
In effect, the government’s not taking is alleged to be giving. Its not taxing is alleged to be spending.
The Fed in 2012
If the economy improves, the banking sector will increasingly loan out its reserves and bring inflationary pressure to prices. If the economy does not
improve, the Fed will not be able to unload the low-quality assets on its balance sheet, and thus the inflationary pressures will remain. The so-called
win-win solution to the crisis has become a lose-lose scenario.
Bernanke Loosens Up
Bernanke's recent drastically inflationary move is based on a fundamental misunderstanding of how wealth is created and can only make things worse.
The Real Fiscal Cliff: How to Spot the Ledge
Presented at the Mises Circle in Manhattan, hosted by the Ludwig von Mises Institute and sponsored by the Story Garschina Charitable Fund, and Anon
