All Posts Tagged With: "deficit spending"

Deficit Spending and Future Generations: Not What You Might Think

Ultimately, the real choice is not between deficit-financed and tax-financed spending. The moral question is whether we should have more spending and bigger government with less liberty or less spending with a smaller government and more liberty. The hand-wringing on the left and right about passing the cost of “stimulating” our economy onto future generations is misplaced. No matter how it’s financed, Obama’s new spending has the potential to stimulate only one thing: the size, scope, and power of government.

21May2009 | Roy Cordato | 3 comments | Continued

News Flash: FDR Didn’t Restore Prosperity!

The New Deal did not end the Great Depression. This statement will come as no shock to Freeman readers, but it will to the many people who have never encountered it before. Now people are encountering it—in newspaper columns and news-talk shows.
Why, after years of being taught that Franklin Roosevelt’s economic intervention saved the country [...]

2Mar2009 | Sheldon Richman | 2 comments | Continued

John Maynard Keynes: The Damage Still Done by a Defunct Economist

Seventy years ago, on February 4, 1936, the English economist John Maynard Keynes (1883–1946) published what soon became his most famous work, The General Theory of Employment, Interest, and Money. Few books, in so short a time, have gained such wide influence and generated so destructive an impact on public policy. What Keynes succeeded in [...]

1May2006 | Richard M. Ebeling | 32 comments | Continued

Deficits Do Matter

Hans Sennholz served as president of the Foundation for Economic Education from 1992 to 1997.  At the time of his retirement, FEE’s Board of Trustees honored him with the title president emeritus. He was chairman of the department of economics at Grove City College for many years. This article is reprinted from the December 1986 [...]

1Mar2004 | Hans F. Sennholz | 3 comments | Continued

Postconstitutional America?

It’s a cliché that in time of war we must shift the balance between liberty and security, sacrificing some freedom to protect our society from assault. Funny how we blithely forget other fond adages when they become unfashionable, such as Benjamin Franklin’s famous warning about trading freedom for security.
It is more important than ever that [...]

1Feb2003 | Sheldon Richmond | 0 comments | Continued