• 00:00    |    
    Initial credits
  • 00:06    |    
    Matt Kibbe's intervention
  • 01:30    |    
    Keynesian fiscal policy
    • Quotes n 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 ofn 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 withn 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 then 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

New Media  | 25 de marzo de 2011  | Vistas: 12

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…

Tristán Melendreras es catedrático en la Facultad de Ciencias Económicas de…


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