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Economic PolicyThe FedKeynes
All too often, elite mainstream economists' policy recommendations are built on fallacies. We shouldn't listen.
As the economy moves into recession, we should understand how we got there and what is needed to bring about a quick and lasting recovery.
One might assume that new rounds of monetary stimulus will bring new peaks in housing construction, reversing the ongoing housing shortage. That hasn't happened.
Big GovernmentEuropeFree MarketsStrategy
In presenting her economic plan, Liz Truss failed spectacularly on one thing: cutting spending. Otherwise, a "tax cut" is not a tax cut at all.
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.
It will be nearly impossible to make any real changes in Washington for the next two years. The real battles are now in the states.
Bureaucracy and RegulationThe Environment
If the so-called experts really want to reduce CO2 emissions, they should look at improving farming methods and forestry, not ridding us of fossil fuels.
Booms and BustsInflation
Americans think hyperinflation can't happen here. Yet government spending and money creation are out of control, and it will not take much to trigger massive price hikes.