All Posts Tagged With: "balanced budget"

TGIF: Inflation as Income Distribution

The Federal Reserve has been pumping hundreds of billions of newly created dollars into “the economy.” Much of that money has been sent to Wall Street to bailout large, struggling firms. But that’s just the beginning. President-elect Obama says that since he needs to “stimulate the economy” we can look forward to trillion-dollar budget deficits [...]

9Jan2009 | Sheldon Richman | 0 comments | Continued

Shame on You, Paul Krugman

We are certainly used to the fallacious Keynesian “economics” that pours forth from most of Paul Krugman’s New York Times columns.  That’s bad enough. But dishonesty too? What’s the excuse for that? In a recent column called “Fifty Herbert Hoovers,” Krugman expressed fear that the nation’s governors would follow in the footsteps of Hoover, with [...]

5Jan2009 | Sheldon Richman | 7 comments | Continued

Red-Lining the Federal Government Budget

Dr. Timberlake is professor of economics emeritus at the University of Georgia, Athens. Throughout the United States, millions of households and business firms routinely balance their annual expenditures with their annual incomes. They look aghast and uncomprehendingly at a federal government that has not balanced its budget in the last 25 years, while its debt—the [...]

1Nov1996 | Richard H. Timberlake | 0 comments | Continued

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