• A Permanent Wartime Economy?

    March 14, 2023
    Views: 1157
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    Reprinted with permission Mises Institute Jeff Deist and Robert P. Murphy

    Progressives view all aspects of human life as a struggle against forces of oppression. Earlier this week on BBC, Professor Mariana Mazzucato suggested governments across the West should simply print money not only to help Ukraine, but also to finance other "wars" against climate change, inequality, and more. Should national treasuries essentially adopt a permanent wartime footing and print far more money, as Mazzucato and Warren Mosler recommend?  Hint: Jeff and Bob say "No."

    Jeff's article "A Permanent Wartime Economy": Mises.org/HAP386a

    Bob's debate with Warren Mosler: Mises.org/HAP386b

    Bob's article in The American Conservative on the Greenbacker movement: Mises.org/386c

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    Jeff Deist is president of the Mises Institute. He previously worked as chief of staff to Congressman Ron Paul, and as an attorney for private equity clients. Contact: emailTwitter.

    Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America's Most Famous KeynesianChaos TheoryLessons for the Young EconomistChoice: Cooperation, Enterprise, and Human Action; The Politically Incorrect Guide to Capitalism; Understanding Bitcoin (with Silas Barta), among others. He is also host of The Bob Murphy Show.

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