Debts and Deficits

Roger Garrison walks us through the economics of debts and deficits in your lecture of the week this week. Which is better – a tax or a deficit?


Adding to the discussion is Bob Wenzel of EPJ, who explains why overspending and the monetizing of debt leads to the boom-bust cycle:

In Pursuit of Virtue – 2013 Edition

Back to work! My recent big vacation from most of life but working on the new condo means I have avoided blogging and emails like the plague. Here are some things I have collected as of late… The NYT Ministry of Propaganda is now openly advocating abandoning the Constitution. The writer is a constitutional law…