Tax-Cutting Keynesians
In their zeal to oppose the lunacy of the so-called “stimulus” plan, many radio talk show hosts and other pundits have fallen into the
In their zeal to oppose the lunacy of the so-called “stimulus” plan, many radio talk show hosts and other pundits have fallen into the
Presented as part of the Mises Institute’s Brown Bag Seminar series on May 21, 1997 in Auburn, Alabama.
Recorded at the Mises Circle in Houston, Sponsored by Jeremy S. Davis; Saturday, 24 January 2009.
In reality, a house is a consumers' good, just like an automobile or a refrigerator.
Old Right journalist Garet Garrett described the New Deal as a revolution against America's tradition of private property, limited government, and the rule of law.
We find ourselves enormously worse off, our economic prospects diminished greatly, and our liberties throttled more tightly by an even bigger Leviathan, with nothing to show for it on the upside but the further enrichment of a handful of big bankers and other malefactors of great wealth and power.
If it were possible to lift real economic growth by means of money pumping, world poverty would have been eradicated a long time ago.
What is required is purging the economy of various false activities that severely undermine its ability to generate real wealth.