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broccoli

Keynes Thought Scarcity Would Disappear in the Near Future. Boy, Was He Wrong.

Book Reviews

Blog05/10/2021

It is not surprising that Keynes looks at the economy from the perspective of a government bureaucrat; this is exactly what, for a significant part of his life, he was. It was for his bureaucratic "service," not his economics, that he was elevated to the peerage.

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paul krugman new york times mmt

Krugman's Keynesianism Has Made Him Wrong about Much More Than Economic Theory

Blog07/16/2020

Paul Krugman famously predicted in 1998 that the internet would prove to be no more important than the fax machine. This error proceeds straight from his lack of economic understanding.

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Understanding Money Mechanics

Keynesians on the Cause of, and Cure for, Depressions

KeynesInterventionismOther Schools of Thought

Blog06/16/2020

Keynes viewed depressions as something that could naturally plague market economies when total spending was insufficient to support full employment. Only with wise oversight could we hope to achieve steady economic growth.

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Unemployed

Krugman: We Need More Unemployment—to Save Us from Unemployment

Booms and BustsLabor and WagesOther Schools of Thought

Blog05/19/2020

Paul Krugman is now claiming that reopening the economy and allowing people to go to work almost surely will cause a depression.

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Debt Bomb

Keynesian Fallacies Are Not Just Wrong, but Dangerous

Big GovernmentTaxes and Spending

Blog05/01/2020

As the federal government embarks on racking up an estimated $3.7 trillion in extra debt this fiscal year alone, it’s critical for the public to understand just how destructive such action will be.

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keynes soviet

Keynes Called Himself a Socialist. He Was Right.

BiographiesSocialismWorld History

Blog04/10/2020

John Maynard Keynes's supporters still insist that he was a mild and benign liberal. In truth, Keynes supported the blood-soaked Soviet regime and called himself a socialist. 

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Keynes_Rent_Guillotine.png

Keynes and the Euthanasia of the Rentier

Financial MarketsCapital and Interest TheoryOther Schools of Thought

Blog04/04/2020

Over eighty years ago, Keynes condemned the rentier and welcomed his future disappearance. Following in his footsteps, politicians and central bankers today are ever closer to effectively bringing this about.

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Keynes the Imperialist

Keynes: The Young Imperialist, 1906–13

Monetary PolicyWorld History

Blog03/21/2020

Between 1909 and 1913, Keynes was the most important defender of British monetary imperialism in India. His faithful defense of the British Empire in those early years allowed him to become the century’s most influential economist after the war.

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