Tag Archives: fiscal policy

Why Monetary Policy Will Cancel Out Fiscal Policy

Posted on December 22, 2017 by MN Gordon

Good cheer has arrived at precisely the perfect moment.  You can really see it.  Record stock prices, stout economic growth, and a GOP tax reform bill to boot.  Has there ever been a more flawless week leading up to Christmas? … Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , | 7 Comments

Smart Programs of Capital Destruction

Posted on December 9, 2016 by MN Gordon

These days everything must be smart.  There are smart cities, smart grids, smart policies, smart TVs, smart cars, smartphones, smart watches, smart shoes, and smart glasses.  There’s even something called smart underwear. Before long everything around us will be so … Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , , | Leave a comment

Deficit Spending is Not the Answer

Posted on March 25, 2016 by MN Gordon

Central bankers and monetary adherents the world over are united in the common grouse that fiscal policy is lacking.  Grander programs of direct stimulation are needed, they grumble.  Monetary policy alone won’t cut the mustard, they gripe. Hardly a week … Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , , , | Leave a comment

No Quick Fix for Structural Reforms

Posted on September 23, 2014 by MN Gordon

Finance ministers and central bankers from the Group of 20 leading nations met in Cairns Australia over the weekend.  The clever fellows believe, with the right balance of fiscal and monetary policies, they can improve the global economy.  This, of … Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , , | Leave a comment