Find the Flaw and Collect the Prize
The $10,000 Public Finance Challenge The Prize – $10,000 in Canadian funds. The Claim – That it makes no difference whether a community has its government borrow from or tax resident citizens to fund...
An article by John Horvat recently appeared on American Thinker decrying the dangers of deficits and accumulating public debt. Mr. Horvat repeats the old saw that the deficit, that being public expenditures in excess...
Is it better that a community have its government tax or borrow to fund public expenditures? The answer to this question would seem with cursory thought obvious to any person. For those confident that...
There is a very bad premise operating in economics, specifically in the foundations of Public Finance. It is shocking that it has endured for centuries, especially in our modern era flush with a multitude...
MMT for some strange reason has emerged recently in the media as a supposedly feasible alternative to modern economic conventions. Why is a mystery to me. The prime mover of this folly seems to...
An End of Tyranny Argentina, Venezuela and many nations are caught in a financial quagmire. Negligible financial and economic problems eventually festered, swelled, and irrupted, presently attaining a grim and destructive form. Is there...
A New Political Party at the Right Time The previous week was memorable for the eminents of Canada’s governing apparatus: Canada’s absence from the NAFTA negotiations, Trudeau’s despotic outbursts, the CPC Convention/Insurrection. What most...
The Path to Prosperity For decades this province has let large numbers of people and precious money and investment flee this province for far better opportunities elsewhere. For those that remain life has only...
200 plus years ago a fellow by the name of David Ricardo posed a very unusual idea: that government should borrow to fund public expenditures rather than tax. He was right, though such an...
Public Finance Blunder There is a very bad premise operating in modern economics, specifically in the foundations of Public Finance. It has marred derived theories and practices for centuries, and caused great and ubiquitous...
No Difference if a State Taxes or Borrows As explained in the first part of this 3 part series, the task of funding government has always fallen to the Taxpayer. That to fully understand...