Supporters of Keynesian economics sometimes claim it to be a crude caricature of the Master that he thought the government has only to spend more money to get us out of a depression and that getting us into debt doesn't
What the government should do about the bust that follows the boom is maintain a strict hands-off policy.
Paul Krugman defends the cartoon version of Keynesianism that we are told is oversimplified.
A central bank confers no benefit on society at large.
There's plenty of blame for the financial crisis being spread around. Those on the left say Wall Street wasn't regulated enough, while those on the right claim government mandates required lenders to make bad loans.
I recently finished reading a book on the South Sea Bubble. I was surprised at how fascinating it was.
To ascertain what inflation is all about, we have to establish its definition.
The historical evidence in Britain supports the view that spending cuts bring about larger economic recoveries than deficit spending does.
The fall in the money stock that precedes price deflation is actually triggered by the previous loose monetary policies of the central bank.
