Showing posts with label keynesian myths. Show all posts
Showing posts with label keynesian myths. Show all posts
Tuesday, April 05, 2016

Military Keynesianism: Keynes Prescribed War to Solve US Unemployment Problem in 1939

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For vulgar Keynesians, the essence of economics is all about spending...even if it leads to widespread death and destruction. In 1939, ...
Thursday, February 25, 2016

Quote of the Day: Why Global Defense Spending Will Be a Drag on the Global Economy

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Australian author, financial analyst and former banker, Satyajit Das at the Marketwatch debunks the ( Keynesian) myth of economic prosperi...
Wednesday, February 17, 2016

Quote of the Day: The Phrase “Consumption-Based Economy” as Commonly Interpreted is Bass-ackwards

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Professor Don Boudreaux at the Cafe Hayek debunks a populist myth used to justify state interventionism:  The phrase “consumption-based...
Thursday, January 07, 2016

Infographics: Keynesian Economics 101

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If one should wonder why the scourge of boom busts cycles and its attendant crises (economic, financial, currency and debt), as well as acc...
Wednesday, December 16, 2015

Quote of the Day: Why not use spoons instead of shovels?

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Milton Friedman was traveling in a developing Asian nation when his host took him to visit an excavation project that was part of a publ...
Wednesday, October 21, 2015

Economic Myth Busted: In the US, Savings from Lower Gas Prices was Spent on even More Gas!

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Remember the popular mantra/incantation “low oil prices equals more consumer spending”? (this applies not only to the US but elsewhere incl...
Friday, February 06, 2015

Hong Kong is Doomed for its Anti-Keynesian Model: Budget Surplus, Leaving Cash to the Public by Lowering Taxes

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Sovereign Man’s prolific Simon Black explains why Hong Kong is doomed —in the eyes of the Keynesian consensus! (bold mine) The governmen...
Saturday, January 03, 2015

ECB Mario Draghi’s Keynesian Fallacies

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At the Mises Canada blog , Austrian economist Patrick Barron censures ECB’s Mario Draghi’s justification for launching QE (italics mine) ...
Thursday, December 04, 2014

Quote of the Day: Conspicuous consumption should not be the goal of a prosperous society

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Someone once said that the wealth of nations comes not from what we spend but from what we sow (actually, I wrote that several years ago)....
Friday, November 28, 2014

Why there is no such thing as deficiency of demand

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The ever eloquent Austrian economist Dr. Frank Shostak debunks the pervasive and populist myth that has pillared today's aggregate dema...
Friday, September 05, 2014

The European Central Bank Goes Nuclear: Cuts Rates, Announces QE

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The ECB’s Keynesian “euthanasia of rentier” has gone nuclear. Aside from the negative deposit rates last June , the latest announcement inc...
Tuesday, August 05, 2014

Why Asia is in Trouble: Corporate Savings Under Assault

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For the government and the mainstream, the only thing that matters for the political economy is spend, spend, spend to infinity and beyond,...
Thursday, June 12, 2014

Quote of the Day: Why GDP is an Enron-Style Accounting Fiction

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First up, it’s worth it to address the number’s origins. Though attempts to measure country economic growth go back to at least the 17th c...
Tuesday, June 10, 2014

Graphic of the Day: The Militarization of the US Local Police

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From the New York Times : (bold mine) During the Obama administration, according to Pentagon data, police departments have receive...
Thursday, June 05, 2014

The ECB Takes Keynesianism to the Limits via Negative Deposit rates

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I find it quite ridiculous for the mainstream to claim that the Eurozone has been experiencing a ‘recovery’ when the financial-banking indu...