…have sought to reestablish fiscal balance despite the impact on economic performance. The latest announcements of lowered growth have led to calls for relaxing fiscal constraints. But the incoming head…

…that Thatcher feared a second great depression and demanded expansionary monetary policy by the non yet independent Bank of England. In any case, there was sharply expansionary fiscal (and I…

…demand limit, a shift right in the IS curve from an increase in government spending would tend to raise interest rates with mild increases in output. Fiscal policy tends to…

…a back-away from Conservative Movement fiscal and other domestic policy, and toward some genuine economic-populist fiscal and anti-Chamber of Commerce regulatory policy, Edgar Bergen, er, [longtime Republican operative and current…

…folks who made a killing after the financial-sector and real estate market crashes circa 2009-2012. Nor the fiscal and regulatory policies that these two Trump benefactors/puppeteers will. In a second…

…Obama we had a combination of easy money and tight fiscal policy as the Republican Congress implemented restrictive fiscal policy– the deficit fell from near 10% of GDP to about…

Fiscal Dishonesty from Paul Ryan (Surprise!) We earlier noted that when our Treasury Secretary wrote this: Government receipts totaled $3,329 billion in FY 2018. This was $14 billion higher than…

France’s Fiscal Dilemma Solved I was struck by this morning’s headline in the New York Times: No doubt this was intended as irony, but that itself is ironic, since the…

…of the East Asian crisis of 1997-98 included contractionary fiscal policy conditions for the governments that adopted IMF programs, as well as higher interest rates. There were also structural conditions…

…can treat debt like money, running fiscal deficits as needed to sustain full employment indefinitely.  Rather than being raised to “pay for” spending, tax revenues should be adjusted so that…