Archive for September 5th, 2011

9/11 Anniversary: Book and Movie Recommendations »

There is no joy in saying “We told you so,” when the dangers against which we warned turned out to have been realized, and, indeed exceeded, so far beyond anyone’s imagining. As longtime observers of political economy, and the lessons so succinctly laid out by Robert Higgs in his masterful Crisis and Leviathan, we...
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Regime Uncertainty: Pirrong Debunks the Keynesian Debunking »

As the idea of regime uncertainty has gained ground in recent years as a partial explanation of the economy’s failure to recover quickly and fully, economists and others invested in Keynesian thinking have begun to strike back. One such Keynesian debunking of regime uncertainty was offered recently by Gary Burtless and seemingly endorsed by...
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Some Ironies of Labor Day »

On September’s first Monday we supposedly honor those who labored hard in the past by taking the day off. That alone should suggest something is wrong with the occasion. Normally, when someone has worked an awful lot and you want to show your appreciation, you do so by picking up some of the slack,...
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