Posts Tagged ‘ Keynesianism ’

Capitalism or Money in Crisis?

Jan 11th, 2012 | By | Category: Economics, Featured
When the Financial Times started its series on "Capitalism in Crisis," I winced. Here we go yet again, an attempt to blame private enterprise for what are actually the failures of the state and paper money. And some writers -- but not all -- in the series have done exactly ...read more

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Posted in Economics, Featured | 2 comments


Why Bother Working?

Sep 8th, 2011 | By | Category: Economics
What Robert Reich and people like him are saying is that working in productive employment is not at all necessary. To follow his logic to the fullest extent, we should just have people save gas and stay home. The government could borrow and/or print money, then send it to foreign ...read more

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Posted in Economics | 4 comments


Nightmare on Pennsylvania Avenue

Aug 31st, 2011 | By | Category: Economics
I stopped reading fiction books or watching fiction movies a long time ago. I even stopped reading mock-news comedy sites like theonion.com. Why? Because none of them can compare to the insanity of real life. Take this one as an example. The prince of peace, Barack Obama, nominated a new man ...read more

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Posted in Economics | 1 Comment »


Intellectual Inertia and Keynesianism

Jun 13th, 2011 | By | Category: Featured, Macro Economics
Anarchists face many challenges establishing a state-free society. One of the main challenges we face is the fact that an idea that is widely held will continue to be widely held. This intellectual inertia causes false, pro-state ideologies to be established and propagated long after they have been disproved. An ...read more

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Posted in Featured, Macro Economics | 2 comments


A Review of Ron Paul’s Liberty Defined

Apr 25th, 2011 | By | Category: Economics, Featured, Macro Economics, Politics
Sometimes Ron Paul seems too good to be true. For decades he has championed the cause of liberty and sound monetary and geopolitical policy. He has done this in the very heart of the Leviathan state even as the federal government has accelerated its expansion in the postwar years. Further ...read more

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Posted in Economics, Featured, Macro Economics, Politics | 5 comments


Why Paul Krugman Is Wrong on the Austrians

Jan 31st, 2011 | By | Category: Economics, Featured, Macro Economics
The Austrians on Capital In contrast to mainstream macro models, which either do not possess capital at all or at best denote it as a homogenous stock of size “K,” Austrian theory explicitly treats the capital structure of the economy as a complex assortment of different tools, equipment, machinery, inventories, and ...read more

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Posted in Economics, Featured, Macro Economics | 1 Comment »


The Economic Impossibility of John Maynard Keynes

Mar 24th, 2010 | By | Category: Featured, International, Macro Economics
What shall we do with those people deprived of work by wealth and technology...? How to fill the days, hours and minutes? It’s now seven decades since John Maynard Keynes peered into the future and declared that, one day, trying to scratch a living would cease being “the permanent problem of ...read more

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Posted in Featured, International, Macro Economics | 6 comments


Prosperity Through Road Construction

Feb 4th, 2010 | By | Category: Featured, Macro Economics
One of the constant themes of modern socialism (and Keynesianism) is the belief that we can create prosperity through government spending on roads. Mind you, roads can help an economy if they are located in places where they can aid commerce by making it possible for relatively cheap transportation that ...read more

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Posted in Featured, Macro Economics | 8 comments