What Causes Government Spending to Go Down: Circumstance or Ideology?

http://reason.com/blog/2013/02/20/what-causes-government-spending-to-go-do

 


Niall Ferguson on the Generational Compact

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Niall Ferguson on the Generational Compact


Public Debt

Steve Landsburg has a different take on the “public debt doesn’t matter if we owe it to ourselves” claim. As usual, Steve highlights surprising truths that go unseen until he turns the spotlight of his intellect on them. And while I agree with him that the size of the public debt (measured relative to whatever benchmark) is more manageable in a growing market economy than many people (especially of late – but not always – conservatives) believe, the historical reality that growing public debt in the U.S. during the 20th century hasn’t led to the often-predicted calamaties is insufficient reason to regard a large and growing public debt as a problem insufficiently worrisome to warrant serious attention. See, for example, the link just above to Jim Agresti’s summary stats.

More generally, because debt financing does indeed allow politicians and voters today to saddle taxpayers tomorrow with the bill for today’s government expenditures, the likely result of ready recourse to deficit financing is more unwise government spending than would occur if current spending had to be funded by current tax receipts.

If A gets to spend B’s money to purchase goodies for A (or even for C), then A will not only spend more, but will spend more carelessly, than if a larger chunk of what A is spending is…

 


Krugman’s response to Alex

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Krugman’s response to Alex

 


John Lott’s Website: Does the New York Times ever fact check Krugman?

http://johnrlott.blogspot.com/2011/10/does-new-york-times-ever-fact-check.html

 


Explaining Our Debt Problem

http://healthblog.ncpa.org/explaining-our-debt-problem/


Robert Barro: Keynesian Economics vs. Regular Economics – WSJ.com

http://online.wsj.com/article/SB10001424053111903596904576516412073445854.html?mod=googlenews_wsj


Who owns the U.S.?

http://globalpublicsquare.blogs.cnn.com/2011/07/21/who-owns-america-hint-its-not-china/


Review & Outlook: America Gets Downgraded – WSJ.com

http://online.wsj.com/article/SB10001424053111903454504576493173381179508.html?mod=WSJ_hp_mostpop_emailed

 


If we are to survive the looming catastrophe, we need to face the truth

http://www.telegraph.co.uk/comment/columnists/janetdaley/8685945/If-we-are-to-survive-the-looming-catastrophe-we-need-to-face-the-truth.html


Spending Cuts

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Spending Cuts

 


Remy Does It Again…Debt Ceiling Version!

http://www.youtube.com/watch?v=EoS52fVtVQM


Geithner: “We Write 80 Million Checks A Month”

http://www.realclearpolitics.com/video/2011/07/25/geithner_we_write_80_million_checks_a_month.html


Budget games: Debt ceiling plan counts on war savings

http://money.cnn.com/2011/07/25/news/economy/debt_ceiling_military_spending/


In Debt Speech, Obama Quotes Reagan, Forgets to Quote Himself

http://reason.com/blog/2011/07/25/in-debt-speech-obama-quotes-re


How Big is the US Debt?

http://www.youtube.com/watch?v=Q-w-8fXzwQE


The Day When the Debt Comes Due – Economic View – NYTimes.com

http://www.nytimes.com/2011/03/27/business/27view.html

 


DeLong vs Cowen

http://cafehayek.com/2011/03/delong-vs-cowen.html


The Fiscal Illusion and How to Face It – Economic View – NYTimes.com

http://www.nytimes.com/2011/03/06/business/06view.html?_r=2

 


Thomas Sowell, on States: “They should go bankrupt. I’m looking forward to it.”

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Thomas Sowell, on States: “They should go bankrupt. I’m looking forward to it.”

 


Global Debt Clock

http://buttonwood.economist.com/content/gdc


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