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Tag Archives: Government
A Culture of Fear
Does easy money play a part in justifying growth of government? Probably not. Continue reading
The State and Violence
Some argue that the 2nd amendment allows for the people’s right to guarantee a “limited government”. The argument here is that violence is necessary to combat the initiation of violence. A peaceful and free society should never have this as a prerequisite for existence—it is, in fact, a contradiction. Continue reading
Posted in Theory
Tagged 2nd ammendment, Anarchy, force, Government, guns, State, Violence
6 Comments
Truth from Uncle Sam
Uncle Sam is a serious douchebag.
Fed Set on Debt Monetization
The Federal Reserve begins to monetize government debt, hoping to combat deflation. Continue reading
Posted in Current Events
Tagged debt, Federal, Government, monetization, Reserve, spending
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DeLong on Public Expenditure and Hayek
Brad DeLong writes on freshwater and Austrian macro, baffled at why he still needs to explain why public spending is pertinent in current economic conditions. He never paused to think that maybe his own case is unconvincing. Continue reading
Posted in Theory
Tagged Austrian, Brad, DeLong, Government, Hayek, Samuelson, spending, Unemployment
7 Comments
Gross Domestic Product as a Poor Indicator
My challenge would be that GDP is a poor indicator of economic growth or prosperity. Apart from the usual criticism that it overplays consumption and does not stress investment enough, a spike in government spending (or an increase in ‘G’) can also cause a spike in GDP. Let’s remember that Hugo Chavez spends a great deal of money on public works project, but with falling real investment in Venezuela we’ve seen the general impoverishment of the country. Continue reading
Sure, Evidence Looks Keynesian If That’s How You Doctor It
In his most recent op-ed, “That ’30s Feeling”, Paul Krugman draws parallels between current calls for austerity and the Germany of the 1930s. This time, factual history is against Krugman’s thesis. Germany’s collapse in the early 1930s was hinged on debt and the inability of their central bank to pay for it. Continue reading
Posted in History
Tagged debt, Depression, fiscal, Germany, Government, Great, Krugman, Stimulus
10 Comments
What the World is Coming To
It took the American Journal of Public Health an entire study to figure out what one could have found out in macroeconomics 101, that an increase in price leads to a decrease in consumption. Continue reading
Posted in Current Events, Humorous
Tagged demand, Economic, Government, Law, soda, supply, tax
4 Comments
Growing Bureaucracy
Dan Mitchell on a growing bureaucracy and their growing wages. Continue reading