Posts Tagged ‘Congressional power’

  • Thomas Sargent and Cutting the deficit

    Federal Budget: Some Shutdown History

    Oct 2, 13 • 433 Views • Economic History, Financial Markets, Government, Health Care, Labor, Macroeconomic Measurement, Regulation, Thinking EconomicallyNo Comments

    “Those who disburse the money are like a saucy boy who knows his grandfather will gratify him, and overturns the sum allowed him at pleasure.” Rep. John Randolph of Virginia, 1806, referring to the executive branch (the saucy boy) and the