On Stimulus, Krugman Feints, Mankiw Parries, Both Miss
It often happens that flawed theories put into practice expose their internal inconsistencies for all to see before long. We now see this playing out… Read More
It often happens that flawed theories put into practice expose their internal inconsistencies for all to see before long. We now see this playing out… Read More
Last night the House passed a “budget enforcement resolution” setting discretionary spending levels for fiscal year 2011 at $1.12 trillion. This is approximately $7 billion… Read More
At this point, Americans on every imaginable side of the deficit debate agree that federal spending is out of control. Something must be done—but the… Read More
Carnegie Mellon University economics professor and American Enterprise Institute visiting scholar Allan Meltzer has a must read op-ed in today’s Wall Street Journal titled: Why… Read More
Although Canada’s taxpayers were forced to spend one billion dollars for security at the G-20 Summit in Toronto last weekend, more than 600 people were… Read More
The Washington Post reported today that the International Monetary Fund and various world governments warned U.S. officials years ago that “escalating financial problems” in the… Read More
Political candidates apparently can choose no better campaign issue this year than excessive government spending and the exploding debt it’s producing. In one campaign after… Read More
This morning White House Chief of Staff Rahm Emanuel and budget director Peter Orszag will release a memo directing all federal agency heads “to develop… Read More
Thomas Jefferson established an academy at West Point because he wanted an institution to train Army officers which would be beholden to no political party…. Read More
When Britain’s new Chief Secretary to the Treasury, David Laws, walked into his office last week, he found a letter from his predecessor, Liam Byrne…. Read More