Just How Bad Are Britain’s Spending Cuts?
Britain's government workers should man up and accept that the free ride is over.
Fiscal Theory
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Smoke, Mirrors, and Inflation Expectations
Bernanke and other experts believe that it is possible to bring inflationary expectations to a state of equilibrium.
Do We Need a Weak Dollar?
Dean Baker — prominent Keynesian pundit and codirector of the Center for Economic and Policy Research — testified that the dollar's fall was inevitable, and even a good thing in light of the US trade deficit. At the time, I knew I disagreed with Baker, but I didn't get a chance to explain why.
The Effects of Freezing the Balance Sheet
Once Fed policy makers freeze the balance sheet of the US central bank, the growth momentum of the money supply will slow down.
The “Old Lady” Hasn’t a Clue
A recorded mini lecture and video display purported to explain this mysterious phenomenon (mysterious to the Old Lady of Threadneedle Street, anywa
What’s Wrong with Government Debt
The problem with government budget deficits is not merely that they (typically) lead to higher interest rates and thus reduce private-sector investment and consumption spending.
Deflation Confusion: Money Is Not Credit
Inflation or deflation? Dow 1,000 or wheelbarrow money?
Like Saving Ten Cents on a Trip to the Moon
Dennis Miller interviews Thomas E. Woods, Jr., author of ‘Rollback,’ who takes a closer look at Obama’s new budget.
Investors Finally Fear the Inflation Precipice
If Bernanke has to choose between saving rich bankers or the dollar, I am confident he will choose the former. We have good reason to expect rising prices and no dramatic efforts to reverse course.
The Reality of the Tax Deal
The issue is whether current tax rates — which had been in place since 2003 — would stay the same, or whether they would go up in 2011. From this perspective, then, this has been a debate over a tax hike, not a tax cut.
