Fiscal Policy and Economic Reality
There is no general social benefit from government spending regardless of how it is financed.
There is no general social benefit from government spending regardless of how it is financed.
Economic laws represent the real world. They are not ideologies or objects of worship. These laws are not the product of an ideological wish list but rather explain production and exchange.
What we may call the “spending illusion” is perhaps the gravest error in the history of economic thought and has been deeply embedded in economics since the early twentieth century.
Economic laws represent the real world. They are not ideologies or objects of worship. These laws are not the product of an ideological wish list but rather explain production and exchange.
Bob critiques MMT godfather Warren Mosler's recent interview where he argued that the Fed rate hikes have been fueling the strong economy.
Are wealthy people getting wealthier because they work harder? Dr. Jonathan Newman is back on the show to discuss Robert Reich's latest video about debunking economic myths.
The decolonization movement seeks to destroy both economics and science, all in the name of social justice. In the end, however, what they get is not justice and certainly not order, but rather chaos, and deadly chaos at that.