Fiscal Theory
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
Why Estonia Is Beating the Eurozone
The average yearly rate of growth in Estonia stood at 8.4 percent in 2011 against overall eurozone performance of 1.5 percent.
QE3: Sowing the Wind
The damage inflicted on the economy by reckless monetary and fiscal policies cannot be fixed by further aggressive monetary pumping.
Repudiating the National Debt
Although largely forgotten today, repudiation of public debt is a solid part of the American tradition.
Hitler’s Economics
Hitler is the modern archetype of political evil, but many who condemn him still embrace his policies, writes Llewellyn H. Rockwell Jr.