The Most Extraordinary Aspect of the Election is Not What You think!
America / Politics / U.S. Senate

The Most Extraordinary Aspect of the Election is Not What You think!

Following an election, market participants strive to explore the new political landscape. Pundits are commenting, and slowly but surely, people discover what the new landscape looks like. Interestingly though, if you ask political economists (sometimes called¬†Public Choice¬†economists) the most fascinating aspect of an election is perhaps not what parties gain control of which houses of … Continue reading

Deficits and the Business Cycle: Why We Should Still Worry About the Deficit
Debt / Economy / Fiscal policy

Deficits and the Business Cycle: Why We Should Still Worry About the Deficit

Why we should Still Worry about the Deficit On October 15, the Department of The Treasury released the final budget results from Fiscal Year (FY) 2014. The results showed an overall deficit of $483 billion, $197 billion¬†less than in 2013 ($680 billion), which amounts to a reduction of the deficit as a percentage of GDP … Continue reading