HT to Frederic Sautet over at the Coordination Problem blog.
Category Archives: Public Debt & Taxation
The Demise Of The United States
The Prychitko Stimulus Plan
Posted by Dave Prychitko on The Economic Way of Thinking blog. The new October unemployment data is in. The national unemployment rate hit 10.2%, with 15.7 million people unemployed. The Obama stimulus plan doesn’t appear to be working. What could we do with a trillion dollar-backed stimulus plan? My first-best solution: There are a million [...]
Where Does Economic Change Come From?
Recent discussions regarding economic stimuli, and the government’s role in fixing a “broken” economy should lead to important questions regarding the source of real economic change. We find ourselves in a situation where change is necessary. And our government seems convinced that they possess the best tools for “fixing” our economy. This is not necessarily [...]
“The Practice of Contracting Debt” – Quote of the Day – David Hume
“The practice of contracting debt will almost infallibly be abused in every government. It would scarcely be more imprudent to give a prodigal son a credit in every banker’s shop in London, than to empower a statesman to draw bills, in this manner, upon posterity.”


