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February 7, 2024
Can Classical Economics Explain the Approaching Fiscal Disaster?
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?
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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