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The “Austerity” Debate: More Academic Evidence against Big Government

In the world of fiscal policy, there are actually two big debates. One debate revolves around the appropriate size of government in the long run. Folks on the left argue that government spending generates a lot of value and that bigger government is a recipe for more prosperity. Libertarians and their allies, by contrast, point […]

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For Thanksgiving Week, the OECD Proposes a Keynesian Turkey

Earlier this year, I criticized the Organization for Economic Cooperation and Development for endorsing an orgy of Keynesian spending. Did my criticism have an effect? Well, the bureaucrats in Paris just issued a new report that bluntly suggests a reorientation of fiscal policy to achieve more growth. …the global economy remains in a low-growth trap […]

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It’s not Just Campaign Rhetoric, Hillary Clinton Actually Believes Keynesian Economics

Since it’s very likely that Hillary Clinton will be our next President, I’m mentally preparing myself for upcoming fights over her agenda of bigger government and class warfare. But the silver lining to this dark cloud is that I don’t think I’ll be distracted by also having to fight against protectionist policies. My tiny bit […]

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Anti-Economics from The Economist

When I was younger, folks in the policy community joked that BusinessWeek was the “anti-business business weekly” because its coverage of the economy was just as stale and predictably left wing as what you would find in the pages of Time or Newsweek. Well, perhaps it’s time for The Economist to be known as the […]

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The War against Cash, Part IV

The War against Cash continues. In Part I, we looked at the argument that cash should be banned or restricted so governments could more easily collect additional tax revenue. In Part II, we reviewed the argument that cash should be curtailed so that governments could more easily impose Keynesian-style monetary policy. In Part III, written […]

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Japan’s Slow-Motion Fiscal and Monetary Suicide

Remember Bill Murray’s Groundhog Day, the 1993 comedy classic about a weatherman who experiences the same day over and over again? Well, the same thing is happening in Japan. But instead of a person waking up and reliving the same day, we get politicians pursuing the same failed Keynesian stimulus policies over and over again. […]

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