Reading time: 3 minutes The articles up to now have tried to frame the debate about fiscal policy, both by outlining the arguments for and against an increase in public expenditures, and by presenting [ … ]
Tag: macroeconomics
Fiscal policy and the economy – The evidence
Reading time: 3 minutes The arguments presented in the articles up to now have shown us that when it comes to fiscal policy, economists are generally divided into two opposing camps. The question that [ … ]
Fiscal policy and the economy – The case for less spending
Reading time: 3 minutes “The government solution to a problem is usually as bad as the problem.” (M. Friedman) The main arguments put forth by the “fiscal hawks” stem both from abstract principles of [ … ]
Fiscal policy and the economy – The case for more spending
Reading time: 3 minutes “If the Treasury were to fill old bottles with bank-notes, bury them at suitable depths in disused coal-mines which are then filled up to the surface with town rubbish, and [ … ]
Fiscal policy and the economy – Introduction
Reading time: 2 minutes This series of articles will try to shed some light on one of the most important issues in economics: which are the effects on the economy of a relative increase [ … ]