Category Archives: Keynes
Russ Roberts in the Wall Street Journal: now that the [Keynes inspired] stimulus has barely dented the unemployment rate, and with government spending and deficits soaring, it’s natural to turn to Hayek. He championed four important ideas worth thinking about … Continue reading
Andrew Coyne on the failure of the great Keynesian experiment of 2008-2010. Coyne is interviewed on the topic here.
A special shout out for Paul Krugman. Lyrics here.
Arnold Kling: insiders [policy makers and major financial executives] see this as a Keynesian moment, in which market breakdowns demonstrate a need for greater government involvement. I see this as a Hayekian moment, in which the dispersal and specialization of … Continue reading
Friedrich Hayek discussed Keynes, unemployment, general rules, and the notion of “society” with William F. Buckley, Nov. 7, 1977. Read the PDF transcript here. (Note well — the transcript contains a number of mistakes.) Listen to Hayek on Keynes: Asculta … Continue reading
In an economic bust like today foreclosures, bankruptcy and failed financial instruments and institutions insuperably forces economic actors to deleverage and move closer to solvency, in the process raising uncertainty and individual demands for money. But note well, heterogeneous changes … Continue reading