Unemployment
Krugman: Low Unemployment Causes Inflation, Not Monetary Expansion
Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.
The Great Depression and Great Depression II: Similarities, Differences
The United States survived the first Great Depression, although it permanently changed the role of government. Will excessive government spending and money creation lead to Great Depression II?
Krugman: Low Unemployment Causes Inflation, Not Monetary Expansion
Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.
How Governor Whitmer Doomed Detroit Autoworkers
In 2022, Michigan Gov. Gretchen Whitmer used political favors and government grants to maneuver thousands of workers into jobs producing electric trucks. But consumers aren’t interested.
How Governor Whitmer Doomed Detroit Autoworkers
In 2022, Michigan Gov. Gretchen Whitmer used political favors and government grants to maneuver thousands of workers into jobs producing electric trucks. But consumers aren’t interested.
Contra Krugman, Policies of Countering Unemployment Are Costly
Paul Krugman and other Keynesians believe that since workers are unemployed during a recession, government spending to employ them is costless. Instead of creating wealth, these make-work schemes destroy it.
The December Jobs Report Is Mostly Bad News
The job market is still hanging on—but not nearly as well as the headline numbers and media pundits would have you believe.
History versus Economics: Explaining the Causes of the Great Depression
While economics textbooks are weak on causes of the Great Depression, American history texts are even worse. It's time for some truth telling.
The Government Is Making the Economy Appear Better than It Is
By borrowing money and “creating” new jobs, the government is creating the illusion of a strong economy. This does not end well.