How does one respond to the idea that government needs to regulate monopolies? More specifically, in a free, capitalist economy, is there any time when government would intervene “for the consumer’s good”?...
Last year, the International Monetary Fund introduced a new regular report called the Fiscal Monitor. It provides a lot of useful data on fiscal conditions in various countries and how they are dealing with the massive...
If government spending is growing faster than gross domestic product (GDP), can the resulting deficit problem be solved by: (A) decreasing the rate of growth of government spending, (B) increasing tax rates, (C) decreasing the...
In 1976, Jude Wanniski was an editorial writer for the Wall Street Journal who had lately learned about supply-side economics from Robert Mundell and Arthur Laffer. Wanniski had already started work on his book, „The Way...
The very surprising election of a Republican to replace Senator Edward Kennedy, who died, in Massachusetts, one of the most Democratic states in the United States, is an indication of the degree to which the American people...
In his usual pattern, Krugman distorts the record about the Reagan tax cuts. First of all, he shows in his chart when tax changes were implemented and not when they were passed. While future tax changes can affect current...
I zdaniem kilku najchętniej czytanych blogerów może stanowić niebezpieczeństwo dla amerykańskiej gospodarki w tym roku. Wywiad z nimi publikuje Bespoke. A część ekonomistów dzieli opinia na temat podatku spadkowego,...
December 29, 2009 marks the bicentennial of the birth of one of Britain’s greatest statesmen and indeed, of one of the most colorful figures in parliamentary history anywhere—William Ewert Gladstone. No individual in history...
The Keynesian Kool-Aid drinkers keep insisting that big deficits and rapidly growing piles of public debt don’t really matter as long as there is „slack” in the economy. But they live in a fantasy world...
The question is often asked: “What happens if governments continue to pile on more and more debt?” We are beginning to get an answer to that question as the markets are reacting to the Greek government’s unwillingness...