How to Pay Off Debt… Stealthily

There's Another Way There are three ways for a government to pay for debt: issue new debt, collect taxes, and cause inflation.  Inflation is a 'hidden tax' on a populace- it decreases the value of future money, and allows governments to pay off their current debt with devalued money.  The United States dollar, as the world's reserve currency, … [Read more...]

Milton Friedman’s Permanent Income Hypothesis

Milton Friedman’s Permanent Income Hypothesis Revisited Milton Friedman is most certainly the most influential economist of the last fifty years and, perhaps with John Maynard Keynes, the most influential of the entire 20th century.  His theories and research continue to shape public policy debates even to today. One of Friedman’s most influential … [Read more...]