Monty Pelerin's World

The folly and nonsense that is Paul Krugman appears to be unbounded. He does not understand, or at least rants as if he doesn’t, the basic principles of economics. But [...]

The Welfare State grows and grows and grows until it “runs out of other people’s money.” Then it collapses. To understand what is happening around the world, refer back to [...]

Richard Duncan contrasts our current economic problems with those of the 1930s. In his opinion, there is a distinct parallel and symmetry. One of the major differences is the amount [...]

The Fed’s have thrown the Keynesian sink at the economic problem. The largest fiscal and monetary stimulus known to the world has not produced a recovery, despite what the media [...]

This country is headed for financial disaster. Spendthrift government is insolvent and its behavior threatens the economy and lifestyle of all citizens. The National Commission on Fiscal Responsibility and Reform [...]

Robert Murphy takes apart the Keynesian argument for more stimulus. He concludes with the following: Brad DeLong’s recent arithmetical argument for bigger government deficits is flawed on several counts. He [...]

The end is rapidly approaching. Here is Karl Denninger explaining why: Merkel Tells Obama To Stuff It This ought to get interesting…. Referring to the G20 summit in Canada next weekend, Merkel said in [...]

Here is a summary of conventional economic wisdom: Many people claim today that the U.S. economy is in a “liquidity trap” and only government can spend us out of this [...]

Amazing research results contradict what we all thought —  NOT! Big Surprise: Harvard Study Shows Government Spending Hurts Business by Julie Borowski Harvard Business School recently released a no-brainer report that [...]

“I’ve proposed a freeze in government spending for three years. We have gone through every department’s spending line by line, item by item, looking for inefficiency, duplication, and programs that [...]

  Government is 79% of the Economy Welcome to the world of dysfunctional, bloated and insolvent government. CNBC recently reported on delayed income tax refunds: “…  cash-strapped states such as [...]

According to calculations by Robert Barro, Harvard University economist, the stimulus package harmed the economy. Mr. Barro, concluded in the WSJ: … viewed over five years, the fiscal stimulus package [...]