By Anthony Gregory | Monday August 15, 2011 at 4:18 PM PST | 1 Comment
So let me get this straight. After the most socialistic century in history, during which all industrialized nations finally found themselves gravitating toward a mixed economy model, we see a somewhat significant financial collapse of international significance and then another stock market drop a few years later, and it supposedly tells us that capitalism...
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Tags: American History, Economics, Free Market, Government subsidies, Great Depression, Nationalization, Poverty
By Mary Theroux | at 3:19 PM PST | 26 Comments
As Dave Barry used to say, I’m not making this up. Deeply mired in the fatally flawed myth that World War II ended the Great Depression, Nobel Laureate Paul Krugman yesterday proposed that an invasion by space aliens would well provide the economic stimulus this country needs: As Dr. Robert Higgs has more than...
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Tags: American History, Austrian School of Economics, Bailouts, Budget and Tax Policy, Economics, Free Market, Government subsidies, Great Depression, Keynesian economics, New Deal, Paul Krugman, regime uncertainty, Regulation, Robert Higgs, Taxation, Unemployment, War, Welfare, World War II