Have Government Deficits “Saved the World”?
Posted in Not So Fast! on 22 July 2009
Stats: 26 views and 7 Comments [caption id="attachment_7910" align="alignright" width="150" caption="Paul Krugman's Chart Explaining How Deficits "Saved the World""][/caption] Last week, I wrote about the crudeness of so-called Keynesian economic theory in which one assumes that all assets and capital “investment” are “homogeneous” in character, which means that their only contribution to the economy is from the ...
Posted in Not So Fast! on 22 July 2009
Stats: 26 views and 7 Comments [caption id="attachment_7910" align="alignright" width="150" caption="Paul Krugman's Chart Explaining How Deficits "Saved the World""][/caption] Last week, I wrote about the crudeness of so-called Keynesian economic theory in which one assumes that all assets and capital “investment” are “homogeneous” in character, which means that their only contribution to the economy is from the ...
Son of “Stimulus”
Posted in The Goal Is Freedom on 10 July 2009
Stats: 2 views and 30 Comments Bad economic policy proposals usually have a superficial logic that fools the economically illiterate into thinking the policies really make sense. For example, anti-price-gouging laws seem to keep goods affordable during emergencies. The government says no one may raise prices "excessively" on generators, batteries, and bottled water. Hurray for wise ...
Posted in The Goal Is Freedom on 10 July 2009
Stats: 2 views and 30 Comments Bad economic policy proposals usually have a superficial logic that fools the economically illiterate into thinking the policies really make sense. For example, anti-price-gouging laws seem to keep goods affordable during emergencies. The government says no one may raise prices "excessively" on generators, batteries, and bottled water. Hurray for wise ...
