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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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The #LafferCurve Doesn’t Work Like That!!

Oh man. I really do not like Megan McArdle. Weasels like her and Ezra Klein are only just now sounding the alarm on ObamaCare after it is starting to really fall apart. But I really did not come here to talk about ObamaCare. I was reading Megan McArdle’s article about Keynesianism, where she just mows it down like a freight train: I find it interesting | Read More » . . . → Read More: The #LafferCurve Doesn’t Work Like That!! . . . → Read More: The #LafferCurve Doesn’t Work Like That!!

Keynesian Economics: Still Failing After All These Years

I wrote this a couple of weeks ago, but didn’t post it here until I noticed that Michael Tanner of The Cato Institute agreed. Keynesianism is still not working. The central idea of the dominant economic philosophy in Washington, DC, is that when the private economy fails to produce enough demand, the government can and should step in to take up the economic slack. It | Read More » . . . → Read More: Keynesian Economics: Still Failing After All These Years . . . → Read More: Keynesian Economics: Still Failing After All These Years