Category Archives: price mechanism

HAYEK vs OBAMACARE

The Economists takes a look.

Posted in price mechanism | Comments Off

Keynesian fail – manipulating “aggregate demand” does not equalibrate the supply and demand for inputs

A basic understanding of the price mechanism exposes the pseudo-science of Keynesian economics: It was John Maynard Keynes .. who ultimately succeeded in rehabilitating a view long the preserve of cranks ..  He had attempted by a succession of new … Continue reading

Posted in Keynes, labor, price mechanism | 4 Comments