All Posts Tagged With: "spending"
Naive Keynesianism: A Failure of Imagination
Each of us has a set of peeves—things that disproportionately irritate us. By their nature, most peeves are small. For example, I bristle at the failure to use hyphens correctly. As my late, great teacher Fritz Machlup pointed out, a foreign exchange student is typically not a foreign-exchange student. The first is a student studying [...]
21Apr2011 | Donald J. Boudreaux | 8 comments | ContinuedWhat does spending “freeze” mean anyway?
Update: See also Nick Gillespie and Matt Welch for a healthy dose of reality. First I think we have to agree that a discretionary spending freeze would be a step in the right direction. If Obama follows through on this promise we should be willing to pat him on the back, “good job old chap!” [...]
26Jan2010 | Mike Van Winkle | 3 comments | ContinuedCongress Passes $1 Trillion Stimulus Spending Bill
“The Senate on Sunday sent President Obama another hot potato, passing a $1.1 trillion catchall spending bill that includes money needed to run dozens of government agencies but also is loaded with pork-barrel spending. “The bill, which funds most domestic federal agencies for the rest of this fiscal year, marks a 12 percent spending increase. [...]
14Dec2009 | Mike Van Winkle | 0 comments | ContinuedSon of “Stimulus”
Bad economic policy proposals usually have a superficial logic that fools the economically illiterate into thinking the policies really make sense. For example, anti-price-gouging laws seem to keep goods affordable during emergencies. The government says no one may raise prices “excessively” on generators, batteries, and bottled water. Hurray for wise government policy. It takes some [...]
10Jul2009 | Sheldon Richman | 0 comments | ContinuedKeynes’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 First is the notion that savings are not spent but rather are withdrawn from the expenditure stream.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 | 5 comments | ContinuedSaving Hunky Town
Arthur Foulkes is a freelance writer living in Indiana. It’s called “Hunky Town”—a small area of our city known for its large Hungarian population in the early 1900s. Now it’s just another poor neighborhood. “I sometimes forget parts of town like this exist,” my wife said as we watched the shabby homes, broken fences, and [...]
1Oct2003 | Arthur E. Foulkes | 1 comment | 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 [...]
1Aug1956 | Charles Hull Wolfe | 0 comments | Continued-
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