Closed-Loop Demand For Government Bonds
Governments need ready buyers for their bonds—which is a reason not to have government bonds. The history of muni bonds for school finance is exhibit number ten thousand.
View ArticleThe Na Ga Da Republicans Want To Raise Taxes
"Read my lips, no new taxes," the man said in 1988, at the pinnacle moment of his political career and as the transition from the tremendous Reagan years was at hand.
View ArticleThe A.P. U.S. History Test Could Shift Its Dates And Get Wildly Different...
Last week in high school across the country, the biggest Advanced Placement test of the year took place. It suggested that government rescued the American economy.
View ArticleDon’t You Dare Eliminate The Penny, Redux
Looks like we're getting rid of the venerable copper—and a last link to a precious metal monetary system that only delivered greatness.
View ArticleMonetary Innovation May Make The Stock Market Irrelevant
Monetary innovation including Bitcoin will drive savers to humbler, and richer, instruments and reduce popular demand for stock purchases.
View ArticleMonetary Innovation And The Blockchain Can Solve Our Debt Crisis
The massiveness of the federal debt has dampened development of the private riskless securities market, but the cavalry via the blockchain is coming.
View ArticleBanking Panics In The Past—That Was The Government
Banking panics that apparently were so regular that they necessitated creating the Federal Reserve in 1913 all stemmed from government foolishness—here's that of 1907.
View ArticleMarina Von Neumann Whitman, Namer Of The Supply-Side Revolution
This economist was one of the first within the profession to warn of the perils of going off the gold standard—to this day, the profession cannot see it as a mistake.
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