Category Archives: Keynes
Two American “communications” professors take on Hayek and Keynes debating trade cycle theory and British public policy in 1932 — “From the Great Depression to the Great Recession: The 1932 Hayek-Keynes Debate: A Study in Economic Uncertainty, Contingency, and Criticism” … Continue reading
A Keynesian disaster in America. Christopher Caldwell reports on the success of Merkel’s Germany and the collapse of the Keynes cult on the Continent: Germany’s growth in this year’s second quarter was 2.2 percent on a quarter-to-quarter basis. That means … Continue reading
Quotable: The real question one needs to ask is whether someone who is drug dependent can withdraw from the drug without pain. Yes, giving the patient more drugs temporarily delay the withdrawal pains, but you are curing the symptoms, not … Continue reading
The complete Hayek vs. Keynes, Part II video due soon here.
David Boaz does the NY Times Kremlinology. HT Hit & Run.
In the Guardian: Many are urging a Keynesian boost to deficit spending to revive the economy and/or avoid double-dip recession. We assume that this is unlikely either because experience shows that the multipliers are low and the government believes the … Continue reading