Getty Images Key takeaways The U.S. government is poised to spend about $800 billion on defense in the coming year Some publicly-traded companies compete for government defense contracts that can be w...
Tag: Government spending
Future Consumption Will Make the Prosperous Present Seem Deprived by Comparison
At the beginning of a book (Economics In One Lesson) that way-too-many economists have plainly never read, a non-economist by the name of Henry Hazlitt observed that economics is “stalked by fallacy.”...
How Inflationary Policy Decisions Result In Fewer Schools, Roads, And Fighter Jets
Michigan Governor Gretchen Whitmer speaks before U.S. President Joe Biden at the International Union … [+] of Operating Engineers Local 324 in Howell, Michigan. (Photo by Elaine Cromie/Getty Ima...
Rare Massachusetts Tax Refund Raises Interesting Question About Surplus Revenue
George Washington Monument at Public Garden in Boston, Massachusetts. getty Massachusetts taxpayers are getting a rare refund thanks to a 1986 law that requires the state government to refund tax reve...
Scottish Equality Goals Undermined As Top College Favors Children Of The Well-Heeled
A general view of St Andrews University and quadrangle, Fife, Scotland August 1984. St Andrews is … [+] Scotland’s first university and the third oldest in the English speaking world. (Pho...
Does Government Spending Cause Inflation?
Getty Images Key takeaways Inflation occurs when the cost of goods and services rises over time Several factors contribute to inflation generally, and today’s inflation in particular, including consum...
The Inflation Picture Darkens
Grocery shopping. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty … [+] Images) AFP via Getty Images Early July brought news that tells Americans two things: First, ...
Japan Is a Reminder of How Situational Today’s Inflation ‘Hawk-ery’ Is
What happens when words lose their meaning? Confucius made plain that freedom is what suffers under such a scenario, and it seems he might be vindicated yet again. For background, let’s consider the p...
What Would Everett Dirksen Think of Congress, and $40 Billion for Ukraine?
“A billion here, a billion there, and pretty soon you’re talking real money.” The previous quip is associated with 20th century GOP powerhouse Everett Dirksen, but it’s likely apocrypha. Whether a rea...
Why Does Goldman Sachs Fund An Economics Department?
Perpetually impoverished Peru has an annual government budget that’s a microscopic fraction of the U.S.’s. What’s spent annually by the South American country’s political class amounts to a tiny round...