Keynes

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Deflation Is Not a Problem: Reversing It Is

Central BanksInflationKeynes

Blog12/01/2022

Keynesian economists claim that deflation is as bad or worse than inflation. But deflation not only reverses inflation's bad effects but also allows new wealth creation.

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Understanding the European Crisis: Interview with Václav Klaus

Free MarketsKeynesProgressivismWorld History

Blog11/22/2022

Europe is in crisis, thanks to its progressive leadership. Václav Klaus, former president of the Czech Republic, points out the problems and offers a remedy: free markets.

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Too Many Economic "Truths" Are Built on Fallacies

Economic PolicyThe FedKeynes

Blog11/22/2022

All too often, elite mainstream economists' policy recommendations are built on fallacies. We shouldn't listen.

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The Missing Factor in Britain's Economic Recovery Plan

Big GovernmentEuropeKeynes

Blog11/11/2022

As the British economy falters, the government returns to its Keynesian roots. They will find once again that the legacy of J.M. Keynes is inflation and economic ruin.

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The Velocity of Money Circulation Is Another Economic Myth

KeynesMonetary PolicyMonetary Theory

Blog10/07/2022

Anyone who has taken a Keynesian-based macroeconomics course remembers the equation of exchange: MV = PY. This equation, however, is buried in fallacious economic thinking.

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Does Capitalism Itself Create Economic Instability or Is Central Banking the Culprit?

Booms and BustsCapitalismKeynes

Blog09/20/2022

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

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Does Reducing Unemployment through Government Spending Boost the Economy?

Booms and BustsKeynesUnemployment

Blog09/06/2022

The standard Keynesian play is to increase government spending in order to reduce unemployment and increase economic growth. Here's why it consistently fails.

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Do We Want Real Tax Cuts? How About Cutting Government Spending?

KeynesTaxes and SpendingCapital and Interest Theory

Blog08/31/2022

Keynesians claim that tax cuts are good because they help increase consumer spending. But here's why this doesn't matter.

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The New Green Economy Is Little More than a Keynesian Spending Scheme

KeynesProgressivismSocialism

Blog08/16/2022

Advocates of the New Green Deal emphasize new "green jobs" and other benefits, but the NGD is basically a Keynesian scheme in which government allegedly spends us into prosperity.

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Nine Ways Debt and Deficit Spending Severely Harm African Societies

Free MarketsKeynesSocialism

Blog07/09/2022

Keynesian economics is a scourge to any nation that tries it, and African countries are no exception.

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