Chatting with A Dead Economist: J.M. Keynes, The Patron Saint of the Central Planner
While J.M. Keynes likely is the most influential economist of our age, his economics were that of inflation, statism, and outright central planning.
Keynes
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Does Cutting Government Spending Risk a Recession?
Keynesian orthodoxy claims that cuts in government spending mean less “aggregate demand,” and less “aggregate demand” leads to recessions. Economic experience, however, shows us this is a false theory, something Austrian economists have known for a long time.
The Immorality of Keynesian Economics
Keynesian “economics” is not just wrong; its precepts are not just based upon fallacies but also on lies. Since Keynes self-described as an “immoralist,” we shouldn‘t be surprised that his economics is immoral, too.
MMT’s Barely-Hidden Totalitarian Bias
While Austrian economists have engaged Modern Monetary Theorists on economic terms, one should not forget that this theory promotes totalitarian governance.
The Keynesian Multiplier Is a Dangerous Myth
Keynesians claim that through the “multiplier,” a country can spend itself into prosperity. All that is needed is for government to tax, borrow, print money and spend, and prosperity will follow. Austrian Economists, however, are not fooled by such myths.
A Review of Some GDP Problems
Far from being a true measure of economic health, GDP is a misleading economic statistic that implies consumer and government spending grow the economy. When government spends, GDP increases.
How Keynes Got Say Wrong—and Why It Matters Today
In The General Theory, J.M. Keynes allegedly “discredited” Say‘s Law. Of course, Keynes actually debunked a straw man that was a caricature of what Say actually wrote. It‘s time to set the record straight.
Chatting with A Dead Economist: Charles Rist
Charles Rist was an economist of nearly a century ago who recognized the dangers behind President Franklin Roosevelt‘s attempts to demonetize gold. We are still paying the price for FDR‘s actions.
Richard Murphy, The Bank of England, And MMT Confusion
Belief in the fairy tale known as Modern Monetary Theory not only is endemic in US academic and government circles, but is also making headway in Great Britain. We are being forced to learn all over again the lessons of inflation.
J.M. Keynes’s Versailles Hypocrisy
John Maynard Keynes is often credited with presciently criticizing the harsh anti-German measures of the Treaty of Versailles. But, it turns out that Keynes was playing both sides.
