The Nobel for Government Intervention: Bernanke and Others Rewarded for Flawed Theories
This year's trio of Nobel winners in economics are short on actual economics and long on government intervention.
Booms and Busts
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The Fed’s Current Monetary Stance Will Lead to Stagflation, Not Deflation
After following hyper-Keynesian policies for more than two decades, the Fed is about to create the conditions that Keynesians claimed were impossible: an inflationary recession.
The Nobel for Government Intervention: Bernanke and Others Rewarded for Flawed Theories
This year's trio of Nobel winners in economics are short on actual economics and long on government intervention.
Ben Bernanke’s Nobel Prize: The Committee Rewards an Arsonist for Claiming to Fight the Fire He Started
Former Fed chairman Ben Bernanke and two other economists have received the Nobel in economics this year. Their work on banking is weak on causality and fails to recognize the damage done by the central bank.
How the Policy of Price Stability Generates Greater Economic Instability
The Fed claims 2 percent inflation promotes "price stability." However, that policy also causes the boom-and-bust cycle, which is anything but stable.
Genuine Recovery Is Up to Investors, Producers, and Consumer Choice
Recovery is genuine only when it reaches the masses of individuals. And recovery comes only from the actions of individuals acting in a free market.
How the Policy of Price Stability Generates Greater Economic Instability
The Fed claims 2 percent inflation promotes "price stability." However, that policy also causes the boom-and-bust cycle, which is anything but stable.
Seeing the Student Loan Crisis as a Form of Boom and Bust
Conservatives have missed the point that it is not students particularly that are at fault for the student loan crises, but the entire bureaucratic economic-political system.
Genuine Recovery Is Up to Investors, Producers, and Consumer Choice
Recovery is genuine only when it reaches the masses of individuals. And recovery comes only from the actions of individuals acting in a free market.
Does Capitalism Itself Create Economic Instability or Is Central Banking the Culprit?
Post-Keynesians believe that capitalism is internally unstable, leading to necessary intervention by the central bank. Austrians see that as backward reasoning, as policies by the central bank to create credit from nothing is the problem.
