Fiscal Theory
Indonesia’s Energy Policy: A Lesson in Failure
Disruption, high prices, and dislocations of all sorts have led to call for a new "energy policy." Let us consider the case of Indonesia, writes K.Y. Leong, which has an energy policy of an unusual sort.
Toward a Reconstruction of Utility and Welfare Economics
The essence and the driving force of human action — and therefore of the human market economy — are the valuations of individuals.
Greenspan’s Mysterious Conundrum
Greenspan speaks of a condundrum whereby long-term yields on government bonds are surprisingly low. Why anyone would invest in them is a legitimate question, writes Stefan Karlsson.
It’s Never Enough
The Group of Eight finance ministers will meet this week in Perthshire, Scotland, writes Joseph Potts, to address various weighty financial decisions that their governments have expropriated from the more-capable hands of their citizens.
What’s Behind the Trade Deficit Numbers?
The U.S. trade deficit is an American problem, writes Antony Mueller. It is the result of insufficient savings at home and a widening budget deficit.
Social Security and the Destruction of Capital
Writes Antony Mueller: Coercive capital-based systems do not eliminate the vicious cycle of wealth destruction.
The New Deal in One Lesson
Chris Westley explains that the only thing new about New Deal policies was their name and the people administering them.