MMT: Not Modern, Not Monetary, Not a Theory
It's easy to dismiss MMT out of hand, but the impulse to create something from nothing resides deep in the human psyche.
Taxes and Spending
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Not Yours to Give
"The power of collecting and disbursing money at pleasure is the most dangerous power that can be intrusted to man. You will very easily perceive what a wide door this would open for fraud and corruption and favoritism, on the one hand, and for robbing the people on the other."
A Review of Stephanie Kelton’s The Deficit Myth
The good news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever.
Central Bankers Gone Wild: It’s a New Era at the Fed
When people are scared they let the authorities get away with all sorts of nonsense. We're seeing this with the Federal Reserve right now.
The Japanese Love of Keynesian Economics Might Finally Be Coming to an End
Decades of Keynesian policy have crippled the Japanese economy. Only a turn toward free markets offer a real way out.
The ECB Has Been Hiding Risk. They Won’t Be Able to Do It Much Longer.
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.
Three Reasons Why the Eurozone Recovery Will Be Poor
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.
How Government Spending Can Make the Debt Burden Look Smaller than It Really Is
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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Virtual
Join the Mises Institute and economist Daniel Lacalle for a special live seminar on the COVID-19 crisis and what it means for your economic future.
Keynesian Fallacies Are Not Just Wrong, but Dangerous
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.
