Fiscal Policy

Tuesday, September 28th, 2010
"This happy outcome was a result of serious efforts by the Finance Ministry to contain budget expenditure and by the Central Bank to restrain excessive monetary growth.
Friday, September 17th, 2010
By Desmond LachmanAEI OnlineTuesday, September 14, 2010
Friday, September 10th, 2010
Earlier this summer George Soros and some leading Keynesian economists criticized what they regarded as Germany's overly strict fiscal discipline. Yet Germany's real output expanded at a robust 9% annual rate in the second quarter, while the U.S. economy grew at an anemic 1.6% rate.
Monday, August 30th, 2010
"To these free-market economists, government intrusion ultimately sows the seeds of the next crisis. It hampers what one famous Austrian, Joseph Schumpeter, called the process of "creative destruction."
Friday, August 27th, 2010
"The stimulus is causing an artificial rebound in the economy that cannot be maintained, says Jerry Jordan, former president of the Federal Reserve Bank of Cleveland." Watch it here.
Wednesday, August 25th, 2010
"YES, there is a government bond bubble. And it's huge. Uncle Sam and his counterparts in the EU and Japan are broke and are, almost surely, going to print vast quantities of money to cover their enormous spending obligations.
Wednesday, August 18th, 2010
"When the U.S. government wishes to spend more money than it receives as tax revenue, it covers the shortfall by borrowing, and foreign lenders have become increasingly important sources of such borrowed funds.
Monday, August 16th, 2010
A policy of low interest rates is a textbook response of monetary authorities to the economic weakness brought on by deficient aggregate demand.
Wednesday, August 11th, 2010
"A clear and credible path of fiscal consolidation is clearly needed and would do much to remove uncertainty about future policy and thereby build confidence.
Friday, August 6th, 2010
On Wednesday, August 4, Secretary of Treasury Timothy Geithner debated the Bush tax cuts with Douglas Hotz-Eakin, president of the American Action Forum. It was not much of a debate.