The U.S. Economy and the Failure of Keynesian Thought
We have enough data, including the November figures, to conclude that the U.S. economy continues to stagnate, that price inflation is far from being under control, and, more significantly, that Keynesian policies do not produce the effects its promoters believe they do. Adjusted for inflation, November’s retail sales are down 2 percent compared to one year … Continue reading The U.S. Economy and the Failure of Keynesian Thought
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