Fiscal Theory

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America Needs a Good, Old-Fashioned Economic Depression

Global EconomyFiscal TheoryInterventionism


Central bankers are moving heedlessly toward what Ludwig von Mises called "crack-up boom."


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The Keynesian Blessing: Americans Are Broke

Money and BanksU.S. EconomyFiscal TheoryMoney and BankingPolitical Theory


Many Americans now lack even small amounts of savings to deal with life emergencies. This is a triumph for Keynesian economics.

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The War on Cash is Ancient

Taxes and SpendingWorld HistoryFiscal Theory


The war on cash is a war on commerce, or rather, on any commerce that can't be monitored and controlled by government.

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Of Course the US Government Will Default on Its Debt

Big GovernmentTaxes and SpendingFiscal Theory


The real question about an American default has always been less a matter of if, and more a matter of how and when.

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Rothbard: The Myth of Tax "Reform"

Big GovernmentTaxes and SpendingFiscal TheoryInterventionism


We must, in short, get past the tax reformers' favorite ploy of revenue neutrality. Why must total revenue remain the same? Instead, it should be lowered drastically, and as much as possible.

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"Who Will Pay for It?" is the Wrong Question To Ask Politicians

Taxes and SpendingFiscal Theory


It's vital to debunk promises of "free stuff" but we often concentrate too much on the "free," and not enough on the "stuff."

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News Flash: Uncle Sam is Bankrupt

Big GovernmentTaxes and SpendingFiscal Theory


Secretary of the Treasury, Jack Lew, released the government's audited financial statement and it make Bernie Madoff's books look like Warren Buffet's financial statements!

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Soaking the Future Poor

Taxes and SpendingFiscal Theory

In our efforts to soak the present rich we have been soaking the future poor.

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US National Debt Crosses $18 Trillion

Big GovernmentCorporate WelfareTaxes and SpendingU.S. EconomyFiscal Theory


US National Debt now exceeds $18 Trillion with no end in sight. Will we see national default on the debt or hyperinflation?

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