Coffee drinkers and energy subsidies
Busy times over here with term papers due, TA work and finishing up some revisions for my current working paper. (Referee comments were pretty favourable, so...
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Debt and utility come alive!
As promised, here is an interactive Excel spreadsheet showing how utility changes in a debt-financing scenario versus the laissez faire case. Read my previou...
The plot thickens in the debt debate
Since joining this debate, I have consistently argued that deficit financing is no less sustainable than taxation if economic growth is at least equal to the...
Even more debt and inheritance (and sales)
Bob Murphy and another commentator have left some interesting observations underneath my last post. They basically want to distinguish between straight-up be...
Debt and inheritance
UPDATE: Spotted an important typo in the text that I’ve now corrected for. I’ve also added a sentence or two to the paragraph before the Baker quote to hopef...