A Deadlier Disaster for the Third World: Unemployment
While we may denounce the owner for criminal negligence, it is absurd to denounce him for seeking profit.
Other Schools of Thought
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A Virtual Weimar: Hyperinflation in a Video Game World
If historical cases of hyperinflation — real, and virtual — have one thing in common, it is the instinct among its victims to blame the symptoms rather than the disease.
Two Sides of the Same Debased Coin
Crony capitalism and Keynesianism are just two sides of the same debased coin.
Native American Reservations: “Socialist Archipelago”
To him, the true Indian was expected to be a spiritually-charged die-hard collectivist.
The Price is Wrong – and So is Krugman
The cut-wages-through-inflation strategy is part of Krugman’s heads-I-win-tails-you-lose way of arguing.
Nominal GDP Targeting: New-Fangled Monetarism or Old-Fashioned Keynesianism? Can This New Fad Save the Fed?
Despite market monetarism’s recent popularity, nominal GDP targeting fails to achieve the end of aiding macroeconomic coordination.
The Keynesian Endgame
The breakdown of sound money has now finally generated a cruel endgame.
Milton Friedman versus the Rothbardians: An Empirical Test
From the session on “Studies in Business Cycles,” presented at the Austrian Economics Research Conference.
Has Keynesian Stabilization Policy Actually Stabilized Output and Employment?
From the session on “Studies in Business Cycles,” presented at the Austrian Economics Research Conference.
Stopping the Keynesian Death March
Henniger writes, "No president has believed more in the miracle of the multiplier than Barack Obama."
