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Just Say No to the Debilitating Drug of Keynesian Stimulus

I’m glad that Donald Trump wants faster growth. The American people shouldn’t have to settle for the kind of anemic economic performance that the nation endured during the Obama years. But does he understand the right recipe for prosperity? That’s an open question. At times, Trump makes Obama-style arguments about the Keynesian elixir of government […]

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Overcoming the Politics of Slavery

For the past 100 years we have taught the “politics of slavery” to our young, but are now shocked because they have grown into ruthless bureaucrats and apathetic sheep. 1) We have taught our youth that 50% of the nation’s…

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The next economic crash not a matter of if, but when

Last fall I wrote that “our stock market is like the Titanic on April 15, 1912. It is living on borrowed time, and all the King’s men and horses are not going to be able to put this Keynesian Humpty…

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The Banking Oligarchs

Can anyone stop the overweening lunacy of the banking oligarchs? No more than anyone can stop pythons from devouring rabbits at play. Our bankers are not honorable. They are not farsighted. And they have set in motion forces that no human effort can avert. Moreover they long ago formed a deathly co-op with history’s most deplorable criminal element – the state. This has given them a free pass to indulge in ugly asset corpulence and hideous irresponsibility. It has hidden the true state of their criminality from realization by good men and women. The banking oligarchs and the power they have over us today are the result of a long train of poisonous ideas descending upon the American republic over the past 120 years. It began with the coming of socialism to Europe and its Fabian migration to America at the turn of the century. Capitalism, the Fabians preached, is the root of all evil with its insistence on gold as money. Its freedom is no longer possible in the modern world. It brings to mankind uncontrollable booms and busts and horrific poverty. There is no cure for capitalism. It must be burnt at the stake of its egregious altar […]

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More Anti-Factual Analysis from Paul Krugman

I don’t know whether to be impressed or horrified by Paul Krugman. I’m impressed that he’s always “on message.” No matter what’s happening in America or around the world, he always has some sort of story about why events show the need for bigger government. But I’m horrified that he’s so sloppy with numbers. My […]

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The Final Nail in the Keynesian Coffin?

I wrote earlier this year about the “perplexing durability” of Keynesian economics. And I didn’t mince words. Keynesian economics is a failure. It didn’t work for Hoover and Roosevelt in the 1930s. It didn’t work for Japan in the 1990s. And it didn’t work for Bush or Obama in recent years. No matter where’s it’s been tried, it’s been a flop. So why, […]

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Making Fun of Keynesian Economics

It’s sometimes difficult to make fun of Keynesian economics. But this isn’t because Keynesian theory is airtight. It’s easy, after all, to mock a school of thought that is predicated on the notion that you can make yourself richer by taking money from your right pocket and putting it in your left pocket. The problem […]

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Yet another Example of the Failure of Keynesian Economics

Early last year, with the sequester about to begin, President Obama stated that “these cuts are not smart, they are not fair, they will hurt our economy, they will add hundreds of thousands of Americans to the unemployment rolls.” He made this statement because Keynesian theory says government spending can boost “aggregate demand” and goose […]

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Krugton the Invincible…or Krugman the Inadvertent Opponent of Tax Increases?

President Bush imposed a so-called stimulus plan in 2008 and President Obama imposed an even  bigger “stimulus” in 2009. Based upon the economy’s performance over the past five-plus years, those plans didn’t work. Japan has spent the past 20-plus years imposing one Keynesian scheme after another, and the net effect is economic stagnation and record […] . . . → Read More: Krugton the Invincible…or Krugman the Inadvertent Opponent of Tax Increases? . . . → Read More: Krugton the Invincible…or Krugman the Inadvertent Opponent of Tax Increases?

Krugton the Invincible…or Krugman the Inadvertent Opponent of Tax Increases?

President Bush imposed a so-called stimulus plan in 2008 and President Obama imposed an even  bigger “stimulus” in 2009. Based upon the economy’s performance over the past five-plus years, those plans didn’t work. Japan has spent the past 20-plus years imposing one Keynesian scheme after another, and the net effect is economic stagnation and record […] . . . → Read More: Krugton the Invincible…or Krugman the Inadvertent Opponent of Tax Increases? . . . → Read More: Krugton the Invincible…or Krugman the Inadvertent Opponent of Tax Increases?