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:

The Stupidest Thing I Have Heard in Years

I plunge the depth of the interwebs for information, argumentation, and insights. You can imagine that I run into some pretty “special” arguments and beliefs out there. This one takes the cake for at least a few years (but perhaps ever)… “Economists” are calling for a solution to the debt crisis & ceiling by the…