By: Daniel Mitchell A balanced budget requirement is neither necessary nor sufficient for good fiscal policy. If you want proof for that assertion, check out states such as Illinois, California, and New Jersey. They all have provisions to limit red ink, yet there is more spending (and more debt) every year. There are also anti-deficit rules in nations such as Greece, France, […]
Austrian Economics
Pave for Pizza: Domino’s to repair America’s roads – one town at a time
Potholes are a nuisance, but it is also stimulation for government workers. Since potholes need to be constantly filled in and repaired, civil servants have an endless stream of work. Meanwhile, the taxpayer foots the bill several times a year for the same pothole. It looks like that may start to change, at least gradually, […]
Week in Review: June 11 to June 17
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: June Fed rate hike estimated to cost credit card holders $1.6 billion in extra interest YUCK: $42 billion in cryptocurrency market value wiped out after hack HISTORIC: Kim […]
Consumption is a big economic problem, not saving and investing
[From an interview with Hans-Hermann Hoppe conducted by Juan Fernando Carpio.] Carpio: Why do economists in general not teach the role of saving for the economy? Hoppe: I agree with your assessment: In the economics profession today very little attention is given to the role of savings and very much, indeed overwhelming importance is attached instead to […]
Should the U.S. government abstain from our dietary affairs?
By: José Niño In her book The Big Fat Surprise, Nina Teicholz controversially contends that United States nutritional guidelines have largely contributed to rising levels of heart disease and obesity in the American populace. Since the American Heart Association (AHA) linked the consumption of saturated fat with heart disease in 1961,government bureaucrats and policymakers have embarked on a low-fat crusade. […]