Gary Marshall is a Public Finance researcher living in Winnipeg, Manitoba, Canada. He can be reached by email at firstname.lastname@example.org or through his website at
Dec 22, 2021
Is Joe Manchin Correct About Cause of Inflation?
Many pronouncements and predictions by well-regarded people have been made upon the nebulous subject of inflation. Most believe that it is caused by government expenditures funded by...
Dec 7, 2021
The Cost of Biden's Build Back Better Is Not Zero
It was said by some of those in support of President Biden’s Build Back Better plan that it would not cost a cent. Most recognize the foolishness of the statement, but a large...
Nov 15, 2021
Deficits Are a Waste of Time. Government Spending Is the Problem. Pt. II
My previous article, “Deficits are a waste of Time, Government spending is the problem,” failed to address one key point in the argument against...
Nov 2, 2021
Budget 'Deficits' Are a Waste of Time. Spending Is the Problem.
I have attempted for decades to enlighten knowledgeable and lettered people about the side show known as the Public Debt, with little success. The erroneous notion that government...
May 18, 2021
Making a Case Against James Buchanan's Stance on Public Debt
Economists Don Boudreaux and Randall Holcombe collaborated on a newly published book titled, The Essential James Buchanan, which covers the work of this eminent economist. Buchanan...
Apr 26, 2021
Replaced the Taxed Citizen With Citizen As Petulant Public Banker
As some may know, I argue for a much greater focus on borrowing as a way to fund governmental functions. Taxation and borrowing are the ways in which a government lacking resources...
Apr 13, 2021
Stephanie Kelton Aims to Make Government the Planner
An article by Stephanie Kelton of MMT fame titled, “Biden Can Go Bigger and Not ‘Pay for It’ the Old Way,” appeared in the New York Times recently. She...
Apr 6, 2021
MMT: Keynesian Principles With a Frightening Twist
MMT has emerged in recent times as a supposedly feasible alternative to modern economic conventions, some proclaiming it as the answer to our economic ills. Conceded or not, what...
Mar 31, 2021
A Case for Government As a Borrower to Limit Tyranny
Many are resigned to the belief that salvation from the perpetual destruction of wealth, property and life by those directing ruinous government is a myth. But, an end...
Mar 23, 2021
It Makes No Difference Whether Government Taxes or Borrows
200 plus years ago a bright fellow by the name of David Ricardo posed a very unusual idea. He claimed an equivalence existed between Taxation and Borrowing; that it made no...
Mar 17, 2021
Public Finance In a World Devoid of Cost and Benefit Analysis
There is only one organization on this planet that can ignore the dictum to invest wisely and not face financial ruin. As I have said, government, having no funds or resources of its...
Mar 10, 2021
MMT Is a Logical Outgrowth of the Great Failing of Economics
When Man learned the benefits of trading goods, centers of commerce formed, public administration arose, and civilization commenced and progressed. The need for public goods such as...
Feb 23, 2021
The Folly of Governments Reducing Their 'Public Debt'
This seems an odd statement to make since most persons view public debt as a monster to be confined and slain. However, reasonable enquiry reveals the opposite to be true. Once a...
Jan 14, 2021
Why Do So Many Learned People Obsess About the Deficit?
Articles frequently appear decrying the dangers of deficits and accumulating public debt. The old saw goes that the deficit, that being public expenditures in excess of tax revenues,...
Sign up for RC newsletters
Do Not Sell My Personal Information
Go to full site