Monty Pelerin's World

Henry Simons was one of the most influential “Chicago-school” economists, especially with respect to policy proposals. He was never a prolific writer and died prematurely, yet some believe his policy [...]

Solar energy may or may not be a solution to the energy problem eventually. It clearly is not economic today. It is nothing more than payoffs to political cronies, photo-ops [...]

What started in 2008 was the beginning of the second Great Depression. This economic crisis has just begun. It has a long way to run and no one can be [...]

While reading an article from Mish on housing, two of his passages struck me: You can temporarily jump-start nearly anything if you throw enough money at it, and that is exactly what Keynesian [...]

The debate over Keynesian economics rages on. The political class, buttressed by their “rented economists,”  argues that Keynesian intervention is necessary. When promised outcomes do not develop, it is claimed [...]

The Daily Bell provides their comments on Keynesian economics. Obviously, they are not impressed: What are the results of modern Keynesianism? Well, Fed Chairman Ben Bernanke‘s been trying hard to make [...]

The Housing Crisis moves inexorably on, like a glacier — slow-moving but unstoppable. Despite government wasting trillions of dollars in an attempt to prop up housing, economic laws prevail. Keynesian [...]

The monthly jobs numbers are both tragic and telling. Each report brings forth spin from the White House asserting how the economy has turned the corner and recovery is occurring. [...]

Van Hoisington and Dr. Lacy Hunt are analysts worth listening to. In John Mauldin’s latest Outside the Box letter, they present seven reasons why economic growth in 2011 will be [...]

The nonsense that passes for Keynesian economics never ceases to amaze. It is theoretically incorrect, logically incoherent and empirically unsupported. Yet it still has adherents, presumably because they want government [...]

Richard McKenzie writes on Keynesian economics: The country will learn anew an old lesson: Don’t count on the federal government to wave away the country’s economic troubles with some refurbished [...]

As Friedrich Hayek, shown to the left with President Reagan, pointed out in many articles and books, Keynesian economics cannot work and never worked. Below is a particularly pertinent quote [...]