keynesian economics

In the 1980s, when supply-side economics emerged as a competitor to Keynesian macroeconomic thought, it was decried by the Keynesians as “trickle-down” economics.

For 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.

Ludwig von Mises’s majestic magnum opus, Human Action: A Treatise on Economics, was published on September 14, 1949. In the nearly seven decades since its appearance, Human Action has come to be recognized as one of the truly great classics of modern economics.

Forty 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.

Instead of deregulation to reduce unnecessary, stifling regulatory burdens and barriers, as both Carter and Reagan did to such fully documented success, Obama regulates mercilessly as if regulation is cost free to the economy, as the most interventionist President in American history.

Seventy-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.”…

Achieving and sustaining such economic growth should be the central focus of national economic policy, for it would solve every problem that plagues and threatens us today.

A truly free market economy is one that tends to have the “good deflation,” and we should look forward to it.

As a longtime book reviewer, I have read a growing stack of books warning about a financial collapse, but Holland’s book is not only based in the actual debt, but is written in a manner that even a person who has no knowledge of this issue can understand.

Inequality is his middle name.

Did Janet Yellen,
(1) see any problem in the housing bubble,
(2) anticipate the bursting of the housing bubble; and,
(3) anticipate its implications for the U.S. economy?

The answers are (1) no, (2) no, and (3) no.

A 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.

No President in modern U. S. history has more self-consciously evoked the images of his predecessors than the incumbent, Barack Obama.  When the first-term Senator in 2007 formally announced his…