Government, Greed, and the Public Debt
Peter Boettke and Russ Roberts discuss how government intervention is often seen as a solution to market failure, but fail to recognize the role of greed in both the marketplace and politics. They explore James Buchanan's perspective on the complex nature of human behavior and his emphasis on the micro foundations of fiscal policy, particularly in relation to the public debt. Buchanan's questioning of the electoral incentives that drive politicians to balance the budget over the business cycle challenges the prevailing functional finance position.In this clip
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Peter Boettke on Living Economics
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