It’s Not Just the USA: The Economic Instability Is Global
The combination of covid lockdowns, money pumping, and attempts to force a new green economy are taking their toll. This is not going away any time soon.
Keynes
Displaying 61 - 70 of 71
It Just Might Be Time to Listen to the Austrians
The latest Keynesian money-printing and spending schemes are blowing up. It is time to hear what the Austrians have to say.
Stagflation Comes from Exorbitant Money Creation and Unhampered Government Spending
The Keynesian "stimulus" policies were suppose to reinvigorate the economy. Instead, they have brought stagflation.
Can Government Successfully Counter Recessions Through Expansionary Policies? Don’t Count on It
Keynesian orthodoxy claims government can successfully counter recession through "expansionary" policies. To the contrary, these policies increase the danger to the economy.
Keynesian Supply Shocks and Hayekian Secondary Deflations
Long-standing policy advice based on Austrian business cycle theory would be useful in responding to Keynesian supply shocks—aggregate supply shocks that lead to even larger aggregate demand shocks.
Review: Classical Economic Theory and the Modern Economy
Steven Kates's new book debunks Keynesian demand-side economics, while striving to resurrect Say’s Law and revive the classical understanding of the economy.
Keynesians on the Cause of, and Cure for, Depressions
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.
Keynes’s General Theory: A Solution in Search of a Problem
Even on its own terms, the General Theory must considered a failure, for the problem it purports to solve, involuntary unemployment, does not exist.
The Origin of the Prolonged Economic Stagnation in Contemporary Japan: The Factitious Deflation and Meltdown of the Japanese Firm as an Entity
While Otaki appropriately criticizes stimulus spending, he inexplicably attributes Japanese stagnation to the failure to follow Keynes.
The Human Action Podcast
The Human Action Podcast features in-depth interviews on current topics in economics through an Austro libertarian lens.
