Peter Bauer Would Understand the Danger of Balanced Budgets
Balanced budget orthodoxy in the United States will keep the poorest parts of the U.S. relatively impoverished. And not because of reduced federal spending. Quite the opposite. Peter Bauer (1915-2002), a Hungarian-born British economist, and winner of the libertarian Cato Institute’s first Milton Friedman Prize for Advancing Liberty, would know why. Bauer was awarded […]
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