Currently viewing the tag: "budget deficits"
Mosaic of Plato's Academy

Thoughts on the Greek crisis and the politicization of economics

On May 25, 2012 By

 Should the Greeks have a referendum on whether they want to stay in the euro? Are the upcoming elections such a referendum? Would it be better for the Greeks if they left the euro? – Are you, like me, sick and tired of hearing these questions and then the answers based on the same stale [...]

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dollar notes falling from sky

Aggregate nonsense

On February 3, 2012 By

The economic policy debate is dominated by wishful thinking and fallacies of the most dangerous kind, propagated no less by the high and mighty in the policy bureaucracy and the alleged experts in the media. Here is my point, and every clear-thinking person already knows it: That economic growth, and thus recovery from the crisis, [...]

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