All Posts Tagged With: "spending"
Keynes’s Ghost
The multiplier argument is founded on two key assumptions that turn out to be false. First is the notion that savings are not spent but rather are withdrawn from the expenditure stream. The multiplier’s second incorrect premise is that government expenditures are “autonomous”; that is, government spending does not depend on current income.
9Jun2009 | James C. W. Ahiakpor | 3 comments | ContinuedForgotten Commandment (Exodus 20:15)
Mr. Wolfe is a member of the staff of the Foundation for Economic Education.
Does America’s tax and subsidy system ignore the commandment, “Thou shalt not steal”?
During the 1930’s, certain American intellectuals spearheaded what might be called an ethical uprising in the social realm. They called for government intervention to benefit the less fortunate members [...]
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Book Reviews
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The End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let it Happen
By Arthur B. Laffer, Stephen Moore, and Peter J. Tanous
