Tag: Keynesianism
Freedom Is Not Compatible with Government’s Initiation of Force against Innocent People
In yesterday’s New York Times appears an op-ed article by Edward L. Glaeser, a professor of economics at Harvard. Glaeser’s article is remarkable because arguments in favor of freedom, insisting that economic analysis implicitly rests on a moral presumption that individual freedom has fundamental value, do not appear every day—or every month—in “the newspaper...
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More Economists Join Higgs’s Call to “Do Nothing”
The Wall Street Journal has been polling economists throughout the recession on their forecasts, including for unemployment—which have not been very accurate—as well as advice on government policy. Their most recent response: “Economists Want Policy Makers to Back Off Now.” Despite the continuing challenging conditions, 30 out of 48 economists ... said the economy...
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One More Time: World War II Did Not Bring Us Out of the Depression
I don’t listen to talk radio all that often, but appreciate all efforts from whatever quarter that get people rebelling against reckless government actions. As far as I can tell, there’s general talk radio consensus at this point that bailouts and stimulus packages don’t help the economy. But a huge hole remains—the perennial myth...
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Another $50 Billion Stimulus Rush?
Fresh from his recent White House-sponsored jobs summit, President Obama is pushing a new economic stimulus plan intended to soften the pain of a 26-year-high unemployment rate that sees one in ten Americans out of work. Against all expectations, $200 billion of the money originally appropriated by Congress for bailing out financial institutions under...
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The Waterloo of Keynesianism (Military and Domestic)
Note: In part, this post is an answer to a query by Mark Hatlie. This following is an excerpt of a post at the blog of Historians Against the War. Comments are welcome: While it is perilous for any historian to predict the future, we may well be headed for the Waterloo of Keynesianism...
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