Unemployment

Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.

The United States survived the first Great Depression, although it permanently changed the role of government. Will excessive government spending and money creation lead to Great Depression II?

Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.

In 2022, Michigan Gov. Gretchen Whitmer used political favors and government grants to maneuver thousands of workers into jobs producing electric trucks. But consumers aren’t interested.

In 2022, Michigan Gov. Gretchen Whitmer used political favors and government grants to maneuver thousands of workers into jobs producing electric trucks. But consumers aren’t interested.

Paul Krugman and other Keynesians believe that since workers are unemployed during a recession, government spending to employ them is costless. Instead of creating wealth, these make-work schemes destroy it.

 The job market is still hanging on—but not nearly as well as the headline numbers and media pundits would have you believe. 

While economics textbooks are weak on causes of the Great Depression, American history texts are even worse. It's time for some truth telling.

By borrowing money and “creating” new jobs, the government is creating the illusion of a strong economy. This does not end well.

While economics textbooks are weak on causes of the Great Depression, American history texts are even worse. It's time for some truth telling.