Keynesian Economics

Henry Simons' Reacts to Keynesian Economics

Henry Simons’ Reacts to Keynesian Economics

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 [...]

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Solar Energy: Ready For Alice In Wonderland

Solar Energy: Ready For Alice In Wonderland

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 [...]

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The Depression Moves Forward Slowly and Inexorably

The Depression Moves Forward Slowly and Inexorably

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 [...]

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Keynesian Economics as The Anti-Economics

Keynesian Economics as The Anti-Economics

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 [...]

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Keynesian Economics -- The Root of All Political Evil

Keynesian Economics — The Root of All Political Evil

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 [...]

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Obama and Keynes: The Perfect Pair

Obama and Keynes: The Perfect Pair

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 [...]

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Housing Prices Continue Downward

Housing Prices Continue Downward

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 [...]

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The Tragedy of Obamanomics

The Tragedy of Obamanomics

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. [...]

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Hoisington and Hunt Forecast 2011

Hoisington and Hunt Forecast 2011

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 [...]

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The Myth of Keynes is Difficult to Erase

The Myth of Keynes is Difficult to Erase

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 [...]

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John Maynard Dracula will not die easily

John Maynard Dracula will not die easily

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 [...]

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Wisdom - Friedrich Hayek on Keynesian Economics

Wisdom – Friedrich Hayek on Keynesian Economics

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 [...]

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