Titlebook: Macroeconomic Policy and Public Choice; David Kiefer Book 1997 Springer-Verlag Berlin Heidelberg 1997 Depression.Inflation.Intervention.Ke

爱国者

A Historical Introduction,e decided that it would not put up with deflation-the price that capitalism has always had to pay for its periodic excesses. What the US wanted was a President who would “do something.” And doing something meant preventing the country from going through the wringer.

vector

新字

Social Choice,idealized market society there would be a need for social choice and a role for government. The citizens must collectively ratify their laissez faire regime with a constitution affirming individual property rights and the legitimacy of contracts. They might wish to redistribute initial endowments. T

Indolent

破译

Fiscal and Monetary Policy, are to be known as .; similarly changes in the money stock are known as .. An implication of the theory developed in Chap. 4 is that government spending, tax rates and the money supply can all be effective tools for the control of aggregate real output and the rate of inflation. In that chapter we

Ejaculate

Keynesian Business Cycles,many countries experienced a succession of recessions during the reign of laissez faire in the nineteenth century. Some historians focus on external shocks; and booms and recessions have certainly associated with shocks such as wars, or oil price rises. Some economists believe that the term “cycle”

灾祸

误传

Factorable

Government Debt, Deficit and Social Security,apital stock leads to an eventual efficiency loss.. Long-term public debt thus creates a burden on future generations. However, national emergencies, investment opportunities and intergenerational altruism are several reasons why rational voters and their governments may issue public debt. Debt allo

吹牛者