John Cochrane’s “Unpleasant Fiscal Arithmetic”
Tuesday, March 15th, 2011Can economic growth stop the coming fiscal inflation?
See my new Forbes column on the puzzling economic outlook and a new way to think about monetary policy . . . .
Posts Tagged ‘debt’
What not to do
Tuesday, December 16th, 2008The Wall Street Journal documents Japan’s endless series of profligate pump-priming “stimuli” in the 1990s.
The experiment, predictably, failed.
Here’s Dan Mitchell with a critique that goes beyond Japan:
