Keynesianism Loves the Total State
J.M. Keynes’s Famous Foreword to the 1936 German Edition of the General Theory
Historians write about economics with a fearful and trembling hand, but economists brashly and cheerfully tackle historical enterprises as if they enjoyed some special commissioned prerogative. What follows this brief introductory material is not an expository essay but a document for all to examine: economists, historians, and the general reader alike.
State Interference
Something to Chew On
I’m no Crunchy Con, but I confess to being sympathetic to the organic food movement in the United States. Although I do not always buy organic, I am glad that the market caters to the segment of the population that does. Locally-grown and otherwise farm fresh meat, vegetables, milk, and eggs often taste better and are healthier than the output of the mega-farm operations in other parts of the country, although you pay a premium for them.
Paul Krugman’s Identity Crisis
Want to Shrink the Economy? Limit the Labor Force
Rothbard Vindicated
“The Depression was the first time in the history of the U.S. that wages did not fall during a period of significant deflation.” –UCLA economist Lee E. Ohanian
Equality
End the Fed Promotion
American Banking News is not where I would expect to see a promotion of Ron Paul’s new book, but there it is. And also this.
Inflation’s Moral Cost
The City Journal runs a wonderful piece on inflation’s moral cost by Theodore Dalrymple: