Rethinking Depression Economics
Austrians argue that government spending and monetary expansion are counterproductive and handicap economic calculation.
Austrians argue that government spending and monetary expansion are counterproductive and handicap economic calculation.
If the Keynesian talking heads were right, there should have been an increase in the pace of recovery in 2010.
Private organizations can set their own policies and allow customers to decide for themselves whether they want the service on those terms. But something more than customer policy is happening with all the latest demands for real names; the state is pushing this.
This cooperation is the essence of entrepreneurship and the division of labor.
Imagine, for just a moment, that US government debt were rated in the same way that municipal bonds or regular corporate debt are.
Why has the stock market declined despite a strengthening in the growth momentum of monetary liquidity?
The entire Keynesian/government approach to stimulus has been a catastrophic failure.
Because they can't find jobs, 85 percent of college grads move back in with their parents after they graduate.
The Mises Institute has character and warmth, and the place is bursting with ideas.
Despite the billions and the debt, the depression was back. And it was not a new depression. It was the old one, which had not been driven away but merely hidden behind a curtain of 15 billion dollars of new government debt.