The Keynesian Multiplier Is an Illusion
Keynes's writings remain as influential today as they were 80 years ago. Isn't it time for a re-evaluation?
Keynes's writings remain as influential today as they were 80 years ago. Isn't it time for a re-evaluation?
The monetary policy that governments and central banks are calling for is quite apparent: “Keep it going, whatever it takes.”
Pursuing a trade war with your largest creditor, whose also on the edge of insolvency, is a recipe for financial meltdown.
An overheating economy emerges once expenditure rises without being backed up by production, a situation that emerges when the money stock is increasing.
An overlooked volume of essays deals with Rothbard's monetary thought. Martin Stefunko regards it as mixed but valuable.
Government, tech, and banks all have a common interest in moving consumers and taxpayers toward the abolition of physical cash.
Kevin Dowd explains how policies like negative interest rates not only reflect bad economic thinking, but also pose a danger to the civil liberties.
Recessions grow out of government and central-bank interventions that direct resources away from true wealth generating activities — and toward bubble activities.
Everything is dandy if borrowers make their payments on their increasingly unaffordable homes. But will unemployment remain low forever?
Conflating "inflation" with a general rise in prices prevents understanding the true problem with inflation.