Fiscal Theory

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Smoke, Mirrors, and Inflation Expectations

The FedFiscal Theory

06/07/2011Mises Daily Articles
Bernanke and other experts believe that it is possible to bring inflationary expectations to a state of equilibrium.

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Do We Need a Weak Dollar?

The FedFiscal Theory

06/02/2011Mises Daily Articles
Dean Baker — prominent Keynesian pundit and codirector of the Center for Economic and Policy Research — testified that the dollar's fall was inevitable, and even a good thing in light of the US trade deficit. At the time, I knew I disagreed with Baker, but I didn't get a chance...

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The Effects of Freezing the Balance Sheet

The FedFiscal Theory

05/20/2011Mises Daily Articles
Once Fed policy makers freeze the balance sheet of the US central bank, the growth momentum of the money supply will slow down.

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The "Old Lady" Hasn't a Clue

Global EconomyWorld HistoryFiscal Theory

04/27/2011Audio/Video
A recorded mini lecture and video display purported to explain this mysterious phenomenon (mysterious to the Old Lady of Threadneedle Street, anyway). I knew that I was going to hear either a self-critical explanation or, more likely, some hogwash. Hogwash won, hands down, writes Patrick Barron...

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What's Wrong with Government Debt

The FedFiscal Theory

03/07/2011Mises Daily Articles
The problem with government budget deficits is not merely that they (typically) lead to higher interest rates and thus reduce private-sector investment and consumption spending.

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Deflation Confusion: Money Is Not Credit

The FedFiscal Theory

03/01/2011Mises Daily Articles
Inflation or deflation? Dow 1,000 or wheelbarrow money?

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Like Saving Ten Cents on a Trip to the Moon

Taxes and SpendingFiscal Theory

02/18/2011Audio/Video
Dennis Miller interviews Thomas E. Woods, Jr., author of 'Rollback,' who takes a closer look at Obama's new budget. Recorded 15 February 2011. [10:31]...

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Investors Finally Fear the Inflation Precipice

The FedBusiness CyclesFiscal Theory

02/10/2011Mises Daily Articles
If Bernanke has to choose between saving rich bankers or the dollar, I am confident he will choose the former. We have good reason to expect rising prices and no dramatic efforts to reverse course.

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The Reality of the Tax Deal

Taxes and SpendingFiscal TheoryInterventionismOther Schools of Thought

12/16/2010Mises Daily Articles
The issue is whether current tax rates — which had been in place since 2003 — would stay the same, or whether they would go up in 2011. From this perspective, then, this has been a debate over a tax hike, not a tax cut...

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Money: Sound and Unsound

EducationFree MarketsFiscal TheoryGold Standard

12/03/2010Mises Daily Articles
The principle of sound money consists in affirming the market's ability to choose and maintain money (and the enormous benefits this has provided to society) and also in opposing any government meddling in money...

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