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- Search found 17 items for:
- Fiscal Theory
- 2005
Mises Daily
Author:
N. Joseph Potts
Online Publish Date:
The Group of Eight finance ministers will meet this week in Perthshire, Scotland to address various weighty financial decisions that their governments have expropriated from the more-capable hands of their citizens. Thanks in part to the globally choreographed performances of dozens of famous, caring, and would-be-famous-and-caring rock stars, the
Mises Daily
Author:
Bert McLachlan
Online Publish Date:
Congress is treating the deficit as a big joke, but surely most people aren’t so stupid as to think that “deficit reduction” is really that. Congress has outspent its own income in 45 of the last 50 years, thereby running up deficits by over $5 trillion. But $4 trillion of those deficits were in just the last 20 years. And then President Bush’s
Mises Daily
Author:
K.Y. Leong
Online Publish Date:
Disruption, high prices, and dislocations of all sorts have led to call for a new “energy policy.” Let us consider the case of Indonesia, which has an energy policy of an unusual sort. As the Sunday Times of Singapore reported on September 4, 2005: “Jakarta subsidizes heavily the cost of fuel for ordinary Indonesians and faces a subsidy bill of as
Mises Daily
Author:
Antony P. Mueller
Online Publish Date:
Social security is neither social nor secure. It is not social because the transfer system provokes the very dependency it is said to heal, and it is not secure because the comprehensive modern welfare system undermines economic prosperity. As a coercive system of transfers from the active to the inactive, from the saver to the consumer, and from
Mises Daily
Author:
Antony P. Mueller
Online Publish Date:
Every month, so the numbers show, the U.S. is getting deeper into debt. Each trade deficit needs external financing. Thus with each monthly figure that shows a deficit in foreign trade, the U.S. foreign investment position is deteriorating. Trade deficits imply that foreigners lend the money to the United States with which the imports can be
Mises Daily
Author:
Jeffrey A. Tucker
Online Publish Date:
Everyone has heard something described as a Rube Goldberg machine, and most of us know what this means: some crazy convoluted way of accomplishing a task that would otherwise be quite simple. That’s how Webster’s defines it. The phase most often applies to overly complicated software but it was also applied to the Clinton health care plan and
Articles of Interest
Author:
Murray N. Rothbard
Online Publish Date:
Individual valuation is the keystone of economic theory. For, fundamentally, economics does not deal with things or material objects. Economics analyzes the logical attributes and consequences of the existence of individual valuations. “Things” enter into the picture, of course, since there can be no valuation without things to be valued. But the
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
Now that the Bush Administration has wrapped up its sixty-stop, sixty-day campaign to bolster support for its Social Security proposal, the machinery is cranking in that great deliberative body, the U.S. Congress. The latest development is Bush’s suggestion to index benefits for wealthy retirees to prices (rather than wages), which is effectively