Can Classical Economics Explain the Approaching Fiscal Disaster?

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February 7, 2024

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Can Classical Economics Explain the Approaching Fiscal Disaster? ([link removed])
By Jane L. Johnson
There is a lack of buyers for US Treasury debt. Rating agencies have recently downgraded the US debt, and entitlement benefits’ “trust funds” will go into the red in a few years. The classical economists offer few answers to the depth of this problem.

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Does Government Spending and Money Expansion Create New Wealth or Destroy It? ([link removed])
By Frank Shostak
Government efforts to expand “aggregate demand” involve new spending and money creation. In reality, these activities destroy wealth in the name of expanding it.

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