The government will have to borrow from overseas or International Monetary Funds to pay for the differences between the import spending and export costs. The European Union lend to Greece 109 billion of euros to bailout (Foreleg and Walker, 2011, July 23). This is really a burden for a country and it may bring negative effects to the government policy and function, because the government […]

Biblical principles that deal with Fiscal and Monetary policy clearly spell out the expectations of a believer: the love of money is the root of all evils’. Give that which belongs to Caesar unto him, and that which belongs to God unto Him. This teaches the principle of equity, avoidance of greed and exercise of dependence on God and not such material possessions in pursuit […]

What is the essence of the accounting identity (the so called saving investment identity) that the two distinguished professors refer to? Fiscal Policy, Crowding out, Supply-side, Economics By melted that the amount saved (S) in an economy is equal to the amount invested (l). It is an equilibrium expressed in terms of supply (S), and demand (l), for lending (loan-able funds). Sp (Private Saving) + […]