The Keynesian multiplier would have us believe that economic growth can come from an increase in demand and spending. But if we look more closely, we find there is never a shortage of demand, and what an economy really needs to expand is more saving.
Janet Yellen See Stock Prices Are High, but She Sees no Bubbles
A recent report commissioned by the prime minister of Iceland calls for limits on the money supply through ending fractional reserve banking and deposit insurance. Unfortunately, the report also calls for nearly unlimited control of the money supply by the central bank.
The Economist declares there is no such thing as a Skyscraper Curse and they have the mainstream empirical evidence to support that declaration.
Paul Krugman is desperate to believe that the French economy is doing quite well. That would prove that Krugman's anti-austerity crusade must be on the right track. Unfortunately for Krugman, and for France, things aren't going so well.
Saudi Arabia is in the midst of a huge spending binge, and among the new projects is what is to be the world's tallest skyscraper. Is this a warning sign of a new financial crisis?
