Rethinking Fiscal Policy

Michl, Thomas
November 2008
Challenge (05775132);Nov/Dec2008, Vol. 51 Issue 6, p91
Academic Journal
What should the new U.S. economic policies be? Challenge often devotes its pieces to discussion of demand and public investment. In this piece, however, we offer another view. The author argues in favor of creating surpluses through a progressive income tax or even wealth tax—perhaps even prefunding social security. Would this policy lead to contraction of capital investment? He believes that looser monetary policy can compensate adequately for the diminished demand.


Related Articles

  • When Producer Surplus Underestimates Rents. Frasco, Gregg; Jung, Chulho // Atlantic Economic Journal;Dec2001, Vol. 29 Issue 4, p393 

    This paper demonstrates for the long run that producer surplus exactly equals the sum of rents paid to competitively purchased inputs and fails to account for rents paid to monopsonized inputs. Therefore, in the long run, whenever one or more inputs are subject to monopsony buying power,...

  • Consumers' Last Hurrah? Samuelson, Robert J. // Newsweek (Pacific Edition);11/4/2002 (Pacific Edition), Vol. 140 Issue 19, p46 

    Comments on consumer spending in the United States. Idea that they are combating economic stagnation with stimulus; Opinion that the economic outlook is dismal because of weak retail sales, decline in consumer confidence, and slow consumer credit growth; Topics of the stock market and low...

  • The Dreaded "R" Word. Pinkham, Christopher W. // Maine Community Banker;2008 2nd Quarter, p4 

    The author asserts that the U.S. will recover from the recession it is experiencing in 2008. He notes the importance for banks to prepare for the economic recovery. He cites that issues that must be considered by banks while preparing for the economic recovery, including increase spending and...

  • Departing LADWP Leader Will Be Hard Act To Follow. Webster, Keeley // Bond Buyer;2/3/2014, Vol. 123 Issue 34053, p1 

    The article informs that General Manager of Los Angeles, California's Department of Water and Power Ron Nichols has announced that he will resigned from his post, as of February 2014 due to a controversy on an 8.9 billion U.S. dollar capital improvement program plan of the state.

  • AN ESTIMATE OF IMPORT SURPLUS UNDER A DISEQUILIBRIUM SYSTEM. Huddle, Donald L. // Public Choice;Fall1968, Vol. 5, p113 

    Presents information on an estimate of import surplus under a disequilibrium system. Methods of measuring surplus area; Distribution of import surplases; Impact of direct rationing system on windfall profits.

  • The Case Against Budget Surpluses. Palley, Thomas // Challenge (05775132);Nov/Dec2001, Vol. 44 Issue 6, p13 

    The article discusses the impact of federal budget surpluses on the U.S. The emergence of large budget surpluses in 2000 and the first half of 2001 dramatically altered perceptions of fiscal policy, with surpluses becoming an end in themselves. When firms have massive excess capacity and...

  • What to believe about the budget? A primer explores each side's plan. Tyson, Ann Scott // Christian Science Monitor;9/14/99, Vol. 91 Issue 202, p3 

    Offers information on the budget plans of United States Congressional Republicans and the Clinton administration with an anticipated budget surplus of $2.9 trillion over ten years.

  • Send the surplus to Social Security.  // Money;Mar98, Vol. 27 Issue 3, p35 

    Presents a graph depicting the increase in consumer comfort as of January 1998. Results from a poll that suggests that consumers want any federal budget surplus to go toward shoring up Social Security.

  • Anyway, It's a Long Time Since We Heard That Debt is a Good Thing!  // Saturday Evening Post;9/8/1956, Vol. 229 Issue 10, p10 

    The article focuses on the economic implications of the debt of the U.S. According to economist John Maynard Keynes, depression is a result of a maladjustment of the ratios of spending, saving and investment. During the end of 1939, President Franklin Roosevelt added about $23 billion to the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics