Archive for June 15th, 2011

Bernanke Responds to Incentives


Wednesday June 15th, 2011   •   Posted by Emily Skarbek at 9:59am PDT   •   1 Comment

Bernanke urges for an increase in the debt ceiling, demonstrating the wisdom of James Buchanan and Richard Wagner. In Democracy in Deficit, Chapter 8, the authors set out to model Keynesian-oriented fiscal policy with the “the plausible hypothesis that monetary authorities are, like elected politicians, subjected to both direct and indirect political pressures, and…
Read More »

Facebook Twitter Youtube

Search MyGovCost