All Posts Tagged With: "government debt"
Taxation Is the Lifeblood of the State
The cliffhanger debate over whether or not to raise the federal government’s debt ceiling threw U.S. fiscal policy into brighter relief than it has been in recent memory. Suddenly people were calling for significant cuts in government spending in the face of a rapidly growing national debt. As often happens, calls for cuts in government [...]
26Oct2011 | Arthur E. Foulkes | 4 comments | ContinuedHad Enough Yet?
Regarding the looming fiscal disaster, it’s best to keep one’s eyes on the forest and not get lost in the trees. It’s easy to become overwhelmed by the numbers, but one thing looks certain: Most everyone understands the current situation is unsustainable in the ruling establishment’s own terms. If nothing changes, in perhaps a little [...]
25May2011 | Sheldon Richman | 0 comments | ContinuedGovernment Borrowing Won’t Create Savings
In New York Times columnist Paul Krugman’s world, budget deficits morph into surpluses and savings.
16Mar2011 | William L. Anderson | 7 comments | ContinuedThe Evil of Government Debt
As we’ve seen in the last two issues, Destutt de Tracy, writing in early nineteenth-century France, had solid insights about the market process and government spending as a form of consumption not investment. In light of that, no one will be surprised that Tracy opposed government borrowing. In this day of trillion-dollar-plus federal deficits, his [...]
25Aug2010 | Sheldon Richman | 3 comments | ContinuedAn Unstimulating Idea
“It’s like taking a bucket of water from the deep end of a pool and dumping it into the shallow end.” That’s how George Mason University economist Russell Roberts describes the logic—rather, illogic—of the economic “stimulus” proposals that everyone and his uncle have been proposing. If we needed further demonstration of the folly that is [...]
1Mar2008 | Sheldon Richman | 1 comment | ContinuedDeficits 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 | 8 comments | ContinuedDon’t Fear Deficits
At current tax rates, barring a recession, the federal government will run large and growing surpluses during the next decade and beyond. Yet regardless of the identity of the new president or the character of the new Congress, we are certain to hear a great deal of talk in the coming months about deficits rather [...]
1Dec2000 | Russell Roberts | 2 comments | Continued-
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