Taxes and Spending

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The Japanese Love of Keynesian Economics Might Finally Be Coming to an End

Free MarketsGlobal EconomyTaxes and Spending

Blog05/20/2020

Decades of Keynesian policy have crippled the Japanese economy. Only a turn toward free markets offer a real way out.

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The ECB Has Been Hiding Risk. They Won't Be Able to Do It Much Longer.

Global EconomyTaxes and SpendingMoney and Banking

Blog05/18/2020

The ECB can disguise the risk for a while, but the reality of the mounting debt and tax burden ahead is probably going to end in a debt crisis.

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Three Reasons Why the Eurozone Recovery Will Be Poor

Big GovernmentGlobal EconomyTaxes and Spending

Blog05/11/2020

The eurozone needs to understand that if it decides to increase taxes to address the rising debt due to the COVID-19 response, its ability to recover will be irreparably damaged.

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How Government Spending Can Make the Debt Burden Look Smaller than It Really Is

Taxes and SpendingOther Schools of Thought

Blog05/07/2020

Governments can increase GDP numbers simply by spending more, and this can reduce debt as a percentage of GDP. But what if we calculate GDP using only private spending?

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Keynesian Fallacies Are Not Just Wrong, but Dangerous

Big GovernmentTaxes and Spending

Blog05/01/2020

As the federal government embarks on racking up an estimated $3.7 trillion in extra debt this fiscal year alone, it’s critical for the public to understand just how destructive such action will be.

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The Fed Has Gone Nuts. And It Can Get Worse.

The FedTaxes and SpendingMoney and Banking

Blog04/27/2020

The new Fed policy proposals being floated carry significant political risk, because they enjoy support not just from the redistributionist left, but also “business conservatives” happy to raid our future to make their pain stop.

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The Destructive Effects of the Coronavirus Relief Package

The FedTaxes and Spending

Blog04/23/2020

Central banks are at the heart of government mega–bailout packages. Their ongoing expansion of the money supply won't end well.

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The 1497 Cornish Tax Rebellion

Taxes and SpendingWorld History

Blog04/17/2020

As states in various areas of the Continent embarked on centralization and territorialization in the fourteenth century, communities very often took up arms against forms of taxation. The Cornish Rebellion of 1497 against national taxation is an example of this trend.

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Flattening the Curve or Flattening Bellies? Africa's COVID-19 Dilemma

InflationGlobal EconomyTaxes and Spending

Blog04/14/2020

Africa is in no position to bring a halt to economic activity. Urban poverty and huge debts present an apparent choice between rampant disease and mass impoverishment.

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Japan Has Avoided a COVID-19 Panic. But the Global Recession Will Hit Hard

Taxes and SpendingWorld History

Blog04/04/2020

Whatever happens with the virus, the real story, the real historical change, is probably economic. Abenomics—Japan's ultra-Keynesian experiment—seems to be dead.

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