government spending

You Can’t Keep Your Money Because It Belongs To The Government

7 Comments / Behavioral Economics, Economy, Financial Markets, Global Economy, Politics / By

If you think you earn your money, you are wrong. As I have been watching the debates over the debt ceiling, the fiscal cliff, and taxation I am reminded of one assumption about money the government makes (often unconsciously) that those of us who think we should be allowed to keep the money we have …

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The Myth of Austerity

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Authored by Philipp Bagus via the Ludwig von Mises Institute, “Many politicians and commentators such as Paul Krugman claim that Europe’s problem is austerity, i.e., there is insufficient government spending. The common argument goes like this: Due to a reduction of government spending, there is insufficient demand in the economy leading to unemployment. The unemployment …

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