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Other Schools of Thought
There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.
After years of working as a DC journalist, Bovard found that "the more oppressive the government acted, the more slavish the press became."
U.S. HistoryWar and Foreign Policy
"If [the draft bill] is passed, the House will be shoving down the throats of the American people the despotic concept of 'Theirs not to reason why; Theirs but to do and die.'"
Does Trump not realize that if people do not get back to work, there will be no recovery at all?
Monetary PolicyTaxes and Spending
If there is a new dawn, it is for the Sinicization of Europe—China-style stimulus administered alongside a severely ailing financial system kept whole by widespread financial and monetary repression.
Monetary PolicyInterventionismOther Schools of Thought
Proponents of modern monetary theory have come up with their own idiosyncratic definition of savings in support of their theory. But the common usage of the term shows MMT doesn't work the way its supporters think it does.
The FedFinancial MarketsMonetary Policy
According to Keynesians, wealth effects result from money creation, and they have a beneficial impact. The Keynesians are right that wealth effects exist. But they're wrong about who benefits.
War and Foreign PolicyWorld History
President Bill Clinton’s favorite "freedom fighter" in Kosovo just got indicted for mass murder, torture, kidnapping, and other crimes against humanity.