Taxes and Spending

The German "stimulus" package does nothing to actually stimulate true economic growth. If German policymakers were smart, they'd be cutting taxes and spending, while abolishing regulations.

Keith Knight walks Bob through a meticulous critique of Krugman’s new book on Arguing With Zombies.

The good news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever.

The government's plan for "contact tracing" to prevent the spread of COVID-19 relies on huge amounts of government spending, plus unproven science as to the nature of the disease.

"The power of collecting and disbursing money at pleasure is the most dangerous power that can be intrusted to man. You will very easily perceive what a wide door this would open for fraud and corruption and favoritism, on the one hand, and for robbing the people on the other."

It's easy to dismiss MMT out of hand, but the impulse to create something from nothing resides deep in the human psyche.

The good news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever.

When people are scared they let the authorities get away with all sorts of nonsense. We're seeing this with the Federal Reserve right now.

Decades of Keynesian policy have crippled the Japanese economy. Only a turn toward free markets offer a real way out.

The ECB can disguise the risk for a while, but the reality of the mounting debt and tax burden ahead is probably going to end in a debt crisis.