All Posts Tagged With: "budget deficit"
The Balance-of-Payments Deficit: Not to Worry
Quick. What’s the trade deficit between California and the rest of the world? Don’t try Googling it because you won’t find an answer. No government agency—or private entity—computes the dollar value of goods that people in the rest of the world sell to or buy from Californians. Why not? Because it doesn’t matter. Yet governments [...]
5Jan2010 | David R. Henderson | 8 comments | ContinuedNow That's Leverage!
The government is borrowing nearly 50 cents for every dollar it spends. (But it will protect us from overleveraged financial companies.)
12May2009 | Sheldon Richman | 0 comments | ContinuedBudget Deficits and Stimuli
It’s an article of faith that running budget deficits during the New Deal helped end the Great Depression. This myth has been demolished countless times, but it hasn’t penetrated to the pundits and pop economists who host cable news-talk shows. In fact, FDR did not run extraordinarily large budget deficits, and J.M. Keynes actually criticized [...]
28Nov2008 | Sheldon Richman | 0 comments | ContinuedOur Presidents and the National Debt
Burton Folsom, Jr. is the Charles Kline Professor in History and Management at Hillsdale College. His book The Myth of the Robber Barons is in its fourth edition. During the last 75 years the United States has failed to balance its annual budget over 90 percent of the time. What’s worse, the government has spent money [...]
1Aug2006 | Burton W. Folsom Jr. | 46 comments | ContinuedDeficits Are Good
Doug Bandow, a nationally syndicated columnist, is a senior fellow at the Cato Institute and the author and editor of several books, including Tripwire: Korea and U.S. Foreign Policy in a Changed World. President Bill Clinton’s big-spending, high-taxing budget proves what many of us have long known: deficits are good. Years of unending red ink [...]
1May1998 | Doug Bandow | 0 comments | Continued-
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