Fiscal Policy
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To the Tea Partiers: End Imperialism, Take the Money Back — Daily Caller
By Luis Tellez — Increasingly obvious perils of government debt have given rise to public concern, and even alarm. Though some people argue the alarm is exaggerated, there is a […]
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“Greenspan: Fiscal Stimulus Worked Far Less Than Expected”
“The former head of the Federal Reserve said fiscal stimulus efforts have fallen far short of expectations, and the government now needs to get out of the way and allow […]
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Atlas Liberty Cafe with Peter Boettke
Please join us for September’s edition of the Atlas Liberty Café on Wednesday, September 22, from 10:00 AM – 11:00 AM, at the Cato Institute. Liberty Café seeks to bring […]
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The German Miracle: Another Look
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 […]
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“Spreading Hayek, Spurning Keynes”
“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.” Governments that […]
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The Recovery is Artificial
“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. “The […]
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Is There a Government Bond Bubble?
“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 […]
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“Foreign Lenders: Friends Indeed to a U.S. Treasury in Need”
“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 […]
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The Fed Can’t Solve Our Economic Woes
A policy of low interest rates is a textbook response of monetary authorities to the economic weakness brought on by deficient aggregate demand. The policy is justified by pointing to […]
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“Perspectives on the U.S. Economy: Fiscal Policy Issues”
“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. The reason why such a […]
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Tax and Spend
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. […]
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“Should the Fed Pump Even More”
“The only way fiscal and monetary stimulus could “work” is if the flow of real savings (i.e., real funding) is large enough to support (i.e., fund) government activities and activities […]