The Political Psychology of Activist Fiscal Policy
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

The Merchants of Doom
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Vindicating Fightback
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

A Policy-Induced Financial Crisis
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Minsky Remembered
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Prophet der Pleite
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Gold as an Option on the End of the US
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

The Tax Cut that Could Have Been
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Oil is Found in the Minds of Men
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Vernon Smith Prize for the Advancement of Austrian Economics
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

‘You Will Not Ask Me Any Questions’
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

The FIRB and the Rule of Law
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

The Mother of All House Price Booms?
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Steve Keen’s Long Walk
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Xenophobic, Not Racist
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Yes, We Have No Patrick Colmer Speeches
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Single-Issue Forecasting Tragics
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

The Great Pat Colmer Speech Hunt
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

The Colmer Doctrine?
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

The Feral FIRB
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

CIS on Facebook
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Does the RBA Still Feed the Media Chooks?
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Policymakers Sold Australia Short
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

When FDI Regulation Turns to Crap
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Fiscal Stimulus and Monetary Policy
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Absolute Greed
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

The Integrity of Postal Voting
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

What If You Got Pink Bats and a School Hall for Christmas?
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Steve Keen, They Hardly Knew You
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Never Mind the Prices, Check the Volumes
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Compete Confusion
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Why the Financial Crisis Proves the Efficient Market Hypothesis
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Tax Competition and the Future Fund
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

The RBA and the Media Revisited
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Steve Keen’s Accidental Demonstration of the Efficient Market Hypothesis
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

The Revenge of the Three Amigos
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

The Efficient Market Fantasy of Justin Fox
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

The Future of the US Dollar
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

‘I Have Been Corrupted, A Little’: How Spin-Resistant Are Economics Bloggers?
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Tens of Billions Lost
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Nouriel Roubini versus the Dow
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Capital Gains Tax Myths and Realities
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Gold Price a Stock Rather than a Flow Equilibrium
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

The End of Inflation Targeting?
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

NZ Labour Loses its Way on Inflation
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

HSBC to Retail Gold Bugs: Get Your Own Damn Vault, Ours is Full
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Too Many Malthusians
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

‘Bubbles’ in Everything
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Not Enough Houses
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Tony Abbott Offers Support for a Carbon Tax
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...

Who Would Want to Own an ETS?
Institutional Economics — ... opponents gullibly swallow the stimulus terminology, and thereby defeat? The antidote to the loaded language of activist fiscal policy is to draw attention to the government’s inter-temporal budget constraint. Few people would regard the announcement of a $42 billion future tax increase as ‘stimulatory’, but that is exactly what the federal government’s unfunded fiscal stimulus package amounts to in the absence of an explicit commitment to future cuts in government spending. (HT: Don Boudreaux ) posted on 08 September 2009 by ...