January 9, 2022

The Pain of Public Debt

One of the big arguments against government borrowing comes from James Buchanan, winner of the Nobel Prize in economics in 1986.  In his book Public Principles of Public Debt, he argued against government borrowing because he claimed that t...

December 21, 2021

Is Joe Manchin right about inflation?

Many pronouncements and predictions by well-regarded people have been made upon the nebulous subject of inflation.  Most believe that it is caused by government expenditures funded by unrestricted issuance of public debt. Joe Manchin, th...

December 4, 2021

The Fed Doesn't Cause Inflation

A number of knowledgeable people have written recently on the exploding prices for a number of goods such as energy, food, gasoline, and vehicles. Ryan McMaken of the Mises Insitute and Brad Polombo of FEE, among many others, have laid the blame...