Lynne Kiesling While we’re at Learn Liberty, and in light of today’s Congressional Republican federal government budget proposal, here’s economist Antony Davies on the implications of our government’s indebtedness. [youtube=http://www.youtube.com/watch?v=ID4xay5RITY&feature=player_embedded] When we covered this in my intro macro class this winter, it was sobering for my 18-20-year old students to realize that they are the …
Lynne Kiesling Too many people are writing and saying too many interesting things to digest on the debt actions in the eurozong and the debt downgrade in the US … and some people are saying some extremely misinformed and silly things too. But I’d like to highlight a few comments I’ve read today and over …
Lynne Kiesling Today’s global stock market correction is a humdinger, and is almost certainly the result of multiple factors — expectations of minimal impact of debt ceiling deal, tepid domestic and international manufacturing data, tepid domestic unemployment data, expectations of tepid employment data tomorrow, and what’s really the 800-pound gorilla here, the eurozone debt and …
Blaming Obama for Global Equities Drops? Really? Read More »
Lynne Kiesling That’s the constant in my assessment of the political theater of the past two weeks — so much sound and fury, and the federal government’s debt rating is still likely to be downgraded. And it deserves to be downgraded, and probably should have had that happen a while ago. I mean, seriously, what …
Lynne Kiesling Last week I was honored to spend a couple of days at St. Lawrence University with Steve Horwitz and his students and colleagues. In addition to giving a talk on regulation and technological change in the electricity industry, I gave a guest lecture in an environmental economics class and participated in a reading …
Buchanan & Wagner’s “Democracy in Deficit” and Its Current Applications Read More »
Lynne Kiesling At the Atlantic’s newish business web site, Greg Clark has a very good post on the history of government spending in Britain. He starts in the early post-Magna Carta period: In England, for example, from the Magna Carta of 1215 until the Glorious Revolution of 1689, public debt was always tiny — a …
An Economic History Lesson on Fiscal Responsibility Read More »
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