fiscal policy
Does Germany's massive fiscal package mark the beginning of a lasting regime change or just another chapter in market volatility?
The United States is a consumption-driven economy. But over the last half century, the US consumer has been weakening in the face of social and economic pressures.
The grand monetary experiment of the last decade and a half has undermined the global financial system and necessitates a radical solution.
Dick Cheney said that “Reagan proved that deficits don’t matter.” Richard Vague suspects that Cheney may well have been right.
Should governments ever decide to start deleveraging, how could they do it?
To be “as rich as an Argentine” was once a common aspiration. What happened?
Demand destruction does not guarantee disinflation.
"The economic problem now is to control inflation and get to work on the supply side of the economy."
John H. Cochrane and Thomas S. Coleman discuss how the fiscal theory of the price level explains inflation.
How has the consensus among economists on such issues as deficit spending and population growth shifted over the decades?