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Tag Archives: fiscal policy
Why Monetary Policy Will Cancel Out Fiscal Policy
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 business cycle, debt, fiscal policy, GDP, monetary policy
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Smart Programs of Capital Destruction
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 charles evans, federal reserve, fiscal policy, smart policy, stimulus, william dudley
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Deficit Spending is Not the Answer
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 ben bernanke, debt, deficit spending, european central bank, federal reserve, fiscal policy, mario draghi
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No Quick Fix for Structural Reforms
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 fiscal policy, G20, jack lew, larry summers, monetary policy, structural reforms
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