00:00    |    
Initial credits
00:06    |    
Matt Kibbe's intervention
01:30    |    
Keynesian fiscal policy
Quotes  The General Theory of Employment, Interest, and Money, John Maynard Keynes
Critique to the Keynesian theory
04:39    |    
Critiques to government spending
Friedrich A. Hayek's critique
James M. Buchanan's critique
09:00    |    
Finance deficit spending
Increasing taxes
Borrowing money
Expansion of money and credit
13:09    |    
Tristán Melendreras' intervention
Structural adjustment
Global Village
16:26    |    
Tendencies of poor economies
18:00    |    
Role of the state
20:28    |    
Deficit as a development policy
Money circulation
Value of money
25:56    |    
Fiscal and monetary reform
27:26    |    
Scientific nature of economics
Historical tax collection
Scientific analysis
31:40    |    
Matt Kibbe's intervention
31:51    |    
Assumption of government knowledge
Quotes Friedrich A. Hayek
35:15    |    
Self-interest argument
37:04    |    
Tristán Melendreras' intervention
The power of a united society
40:56    |    
Question and answer period
This government is the one that has requested most loans internationally and has increased our debt. Do you think that debt is appropriate? The Bank of Guatemala cannot loan money to the government, what do you think will happen if the government is not allowed to request loans from international agencies?
How can the formula that you mention be functional with so many variables affecting? What can be done to regulate a country that is in debt and come up with a fiscal policy?
How far can the government be in debt?
Would you get into debt for more than you earn? What is the difference in your situations and the State's situation? What happens with the self-interest?
How much being an entrepreneur contradicts ethics and principles? The fact of making money doesn't go against academia?
59:33    |    
Final credits




Fiscal Deficit as Public Policy

25 de marzo de 2011   | Vistas: 5 |   Bureaucracy Capitalism Fiscal Deficit Government

Matt Kibbe and Tristán Melendreras debate whether government debt is good for economic prosperity or not. Kibbe critics the institutionalized deficits and the government debt, and presents the argument that public finances should operate as normal finances, expressing that the tools that finance deficit spending are raising taxes, borrowing money and the expansion of money and credits; all of which affect economy prosperity. Tristán Melendreras, emphasizes that the State does not operate as a company, therefore does not have profits or losses. Melendreras focuses on the scientific nature of economics arguing that the scientific theory needs to be objective and historical. Finally, he points out that only a united society can solve the financial problems.

Matt Kibbe is president and CEO of FreedomWorks, previously known as Citizens for a Sound Economy. He is coauthor of…

Tristán Melendreras es catedrático en la Facultad de Ciencias Económicas de la Universidad de San Carlos de Guatemala. Fuente: www.newmedia.ufm.eduÚltima…


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín