Browsing All posts tagged under »supply-side economics«

Europe P-I-G-S Debt, America’s spending under Bush and Obama at the origin of a Libertarian Revival: Blessings in Disguise!

September 2, 2010 by

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In a TV interview on Feb. 5, 1976, Prime Minister Thatcher said, “…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”   After the Greek Debt crisis, the whole world turned its attention to sovereign debt, government budgets and fiscal issues.  […]

Obama’s debt and the future of the american people continued…

March 1, 2010 by

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What are the implications of running such a high debt?             If we subscribe to the Ricardian equivalence,  assuming that individuals have perfect foresight, we have perfect capital markets and there are intergenerational transfers from one generation to the next, financing deficits through higher taxes later will not alter consumption. This theory built around the […]