Homines libenter quod volunt credunt
Posted in Government Gone Wild on Mar 6th, 2009
This year, it has surged to about 27 percent. But they aim to bring spending down to 22 percent of G.D.P. in a few years. And most of the increase, they insist, is caused by the aging of the population and the rise of mandatory entitlement spending. It’s not caused by big increases in the […]
Posted in Macroeconomics on Mar 6th, 2009
Alert: This is unscientific, but then again, neither is the stuff being done to the economy. On September 20th, 2008, we were warned by the Treasury Secretary that failure to enact bailout legislation would lead to dire consequences – particularly if the legislation was not approved quickly and as proposed. After a flirt with reason, […]