Can budget deficits cure the debt problem?

When I first met Jim (that is not his real name) a few days ago he seemed like a fairly harmless businessman. But when he heard that I was an economist, he said that there was something he wanted to ask me.

I had the feeling that I would not like Jim’s question, so . . . → Read More: Can budget deficits cure the debt problem?

The Conscience of a (Classical) Liberal

Amidst the madness (March and otherwise), around America we have been seeing signs of outrage at all sorts of characters, from our elected officials to AIG execs to foreclosure auctioneers. Indeed worldwide, the signs of growing unrest amongst the populace are beginning to spread. But while people are angered by all sorts of errors, . . . → Read More: The Conscience of a (Classical) Liberal