Keynesian

The Free Market Wisdom of Milton Friedman

By |2019-08-30T11:21:41-06:00September 7th, 2015|Categories: Economic History, Economics, Friedrich Hayek, Keynesian|

Only a short time ago, the prediction that Professor Milton Friedman would receive the Nobel Prize in economics would have been greeted by a broad spectrum of reactions ranging from horrified impossibility to an unemotional expression of obvious inevitability. Indeed, when the formal announcements were made in the fall of 1976, the range of [...]

The Gold Standard: A Barbarous Relic?

By |2019-11-14T10:09:55-06:00September 18th, 2014|Categories: Brian Domitrovic, Culture, Gold Standard, Keynesian|

One of the main reasons that detractors of the gold standard contend it is a “barbarous relic” (in John Maynard Keynes’s phrase) is that it was implicated in so many financial panics and economic busts back in its heyday in the 19th century. As the New York Times’ pet Internet troll once put it, sarcastically, “under the [...]

The GOP Could Reform Its Way To Keynesianism

By |2014-09-14T12:54:51-06:00September 11th, 2014|Categories: Brian Domitrovic, Economics, Keynesian, Politics|

“Supply-side economics needs a 21st-century update,” went a post at the American Enterprise Institute’s blog the other day, challenging the assurance from the Cato Institute’s Dan Mitchell that no, it doesn’t. The point of contention in the rising, intra-Republican squabble over economic policy is whether it is best to solve the problem of the [...]

Clockwork Blues: Hubris, Humility & The Minimum Wage

By |2013-12-19T10:26:27-06:00February 18th, 2013|Categories: Barack Obama, Keynesian, Political Economy, Politics|Tags: |

President Obama buttered up the American taxeaters with his syrupy State of the Union address on Fat Tuesday night by tabling a massive stack of new spending proposals that are selling like hotcakes with folks who will never have to pick up the tab. If enacted, these proposals will pancake employers, batter investors, and [...]

President Obama: The Worst Keynesian Ever

By |2013-12-19T10:58:55-06:00January 18th, 2013|Categories: Barack Obama, Brian Domitrovic, Economics, Keynesian, Political Economy|

The president is bent on raising taxes big time. The rationale? The deficit is getting out of control. Indeed it is. Since January 2009, when President Obama took office, the United States has run cumulative budget deficits of $5 trillion. Before that time, debt held by the public was $6.3 trillion. Now it’s $11.4 trillion, [...]

Economics Pasha Robert Solow is in a Time Warp

By |2014-01-13T14:52:13-06:00November 30th, 2012|Categories: Brian Domitrovic, Economics, Keynesian, Political Economy, Wilhelm Roepke|

“There’ll never be another Camelot,” said Mrs. John F. Kennedy forty-nine years ago this week, in the wake of her husband’s assassination in late autumn, 1963. “Camelot,” of Knights of the Round Table fame, was a Broadway hit at the time, and Jackie saw in all the genius advisors surrounding Kennedy another mythical fraternity [...]

In Praise of Lord Keynes

By |2014-01-09T07:20:25-06:00October 5th, 2011|Categories: Economics, Keynesian, Political Economy, Stephen Masty|

For Heaven’s sake, calm down and pour yourself a stiff drink. I know…I know…that John Maynard Keynes is the father of Quantitative Easing, or government effectively printing money to supposedly stimulate economic growth. I know that as he debates the immortal FA Hayek in the two brilliant, modern rap-videos, Lord Keynes enters the room to [...]