keynesian economics
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EconomicsFeatured
Fifty Years of Statist Policies and Economic Fallacies
by Richard Ebeling June 24, 2020Despite the constant failures of Keynesian economics and statist policies, people still haven’t realized that free-market economics is the way forward.
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It seems that every generation or two, fundamental economic ideas are questioned and challenged.
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Budgets/TaxesEconomics
Government Monopoly Money vs. Personal Choice in Currency
by Richard Ebeling June 29, 2017For more than two hundred years, practically all of even the most free market advocates have assumed that money and banking were different from other types of goods and markets.
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EconomicsFeaturedLiberty
Economic Ideas: Jean-Baptiste Say and the “Law of Markets”
by Richard Ebeling June 20, 2017Whatever economic freedom we enjoy in the world today is due, to a great extent, to the ideas and efforts of the classical liberals and economists of the first half of the nineteenth century.
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FeaturedLiberty
Celebrating The Work Of Nobel Prize Winning Economist, F.A. Hayek – A Man Who Has Made the 21st Century a Freer and More Prosperous Time
by Richard Ebeling October 6, 2014Forty years ago, on October 9, 1974, the Nobel Prize committee announced that the co-recipient of that year’s award for economics was the Austrian economist, Friedrich A. Hayek. Never was there a more deserving recognition for one of the truly great free market thinkers of modern times.
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Forty years ago, during the week of June 15-22, 1974, the Austrian School of Economics was reborn during a conference in the small New England town of South Royalton, Vermont. Why was this important? Because the economists of the Austrian School have developed the most persuasive understanding of why only economic freedom can give mankind both liberty and prosperity.
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Budgets/TaxesFeatured
J. M. Keynes: The Damage Still Done by a Defunct Economist
by Richard Ebeling February 11, 2014Seventy-eight years ago, on February 4, 1936, the British economist John Maynard Keynes (1883–1946) published what soon became his most famous work, “The General Theory of Employment, Interest, and Money.”…
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Budgets/TaxesEconomicsFeatured
Where the U.S. Economy Is Going, and Why
by Edmund Contoski January 20, 2014The full bill for Obama’s failed economic policies has yet to arrive. But no such explosion of debt has ever escaped a day of reckoning, and no such monetary surge has ever had a happy ending.
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EconomicsFeatured
Don’t Fear ‘Deflation,’ Unless Caused by Government
by Richard Ebeling December 30, 2013A truly free market economy is one that tends to have the “good deflation,” and we should look forward to it.
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Budgets/TaxesEconomicsFeaturedHealth CarePolitics
Obama Changes The Subject Away From Obamacare, Whiffs On Income Inequality
by Peter Ferrara December 17, 2013Earlier this month, President Obama tried to change the subject from Obamacare by pitching some rhetoric on “equality” to rally his Far Left base. Not much thoughtful or helpful is…
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Inequality is his middle name.
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EconomicsFeatured
The Great Depression Was Ended by the End of World War II, Not the Start of It
by Peter Ferrara December 4, 2013A common fallacy is that the Great Depression was ended by the explosive spending of World War II. But World War II actually institutionalized the sharp decline in the standard of living caused by the Depression.
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Budgets/TaxesEconomicsFeatured
Economies, National Debts and Gold
by Edmund Contoski September 16, 2013A general optimism prevails in the United States and Europe that the economies have finally turned the corner and growth is resuming. Don’t get too excited.