Mises's Fatal Flaw: Binding Deficits and the Memetic Evolution of Fiscal Constitutions

Key Points

• The paper examines the concept of binding deficits within the context of fiscal constitutions and their evolutionary implications.
• Archived working paper from SSRN
• Analysis of the relationship between binding deficits and fiscal frameworks
• Review of memetic evolution in political economy
• Identification of critical flaws in Mises's arguments regarding fiscal policy
• Discussion on how binding deficits influence fiscal constitution effectiveness
• Implications for the evolution of fiscal policy frameworks