Lenin (and Hazlitt) Was Right
Posted in From the Archives on 1 February 2010
Stats: 105 views and 4 Comments On September 22, 1947 Newsweek published a short article by Henry Hazlitt entitled “Lenin Was Right”. I searched in vain to find a copy of this online. Fortunately FEE’s archives contain a rough draft of this article, which can be found here. I personally found the title very intriguing. Where ...
Posted in From the Archives on 1 February 2010
Stats: 105 views and 4 Comments On September 22, 1947 Newsweek published a short article by Henry Hazlitt entitled “Lenin Was Right”. I searched in vain to find a copy of this online. Fortunately FEE’s archives contain a rough draft of this article, which can be found here. I personally found the title very intriguing. Where ...
Keynesian Economics and the “Market Test”
Posted in Not So Fast! on 27 May 2009
Stats: 917 views and 3 Comments When I was in graduate school, some professors insisted that Austrian economics “failed the market test” of academic economics. Now one must consider that the “market test” is acceptance, so what they really were saying is that Austrian economics was not accepted because it was not accepted, which is not ...
Posted in Not So Fast! on 27 May 2009
Stats: 917 views and 3 Comments When I was in graduate school, some professors insisted that Austrian economics “failed the market test” of academic economics. Now one must consider that the “market test” is acceptance, so what they really were saying is that Austrian economics was not accepted because it was not accepted, which is not ...
Understanding the “Stimulus”
Posted in Featured, Not So Fast! on 11 March 2009
Stats: 50 views and 2 Comments The more I follow the “debate” about President Barack Obama’s “stimulus” package and his plans for the U.S. economy, the more I realize that most people are missing the fundamental issues. While I wish the public debate really was about the efficacy of borrowing a trillion dollars and spending the ...
Posted in Featured, Not So Fast! on 11 March 2009
Stats: 50 views and 2 Comments The more I follow the “debate” about President Barack Obama’s “stimulus” package and his plans for the U.S. economy, the more I realize that most people are missing the fundamental issues. While I wish the public debate really was about the efficacy of borrowing a trillion dollars and spending the ...
The Fallacy of Money is Wealth
Posted in Articles, Not So Fast! on 28 January 2009
Stats: 150 views and 15 Comments In the “7 Fallacies of Economics” series, I have covered the fallacies of “collective terms” and “composition,” and now turn to the third fallacy: Money is Wealth. FEE president Lawrence Reed writes: The mercantilists of the 1600s raised this error to the pinnacle of national policy. Always bent upon heaping up ...
Posted in Articles, Not So Fast! on 28 January 2009
Stats: 150 views and 15 Comments In the “7 Fallacies of Economics” series, I have covered the fallacies of “collective terms” and “composition,” and now turn to the third fallacy: Money is Wealth. FEE president Lawrence Reed writes: The mercantilists of the 1600s raised this error to the pinnacle of national policy. Always bent upon heaping up ...
