Keynesian Economics: Still Failing After All These Years
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…
Nostalgic Krugman Needs a Dose of Reality
This past Sunday in the New York Times, Paul Krugman opined about a better time in America when the Twinkie was still revered, when families huddled around…
Obama’s Shovel-Ready Fallacies
President Obama, speaking at a Chrysler plant in Toledo, attempted to highlight the successes of his bailout bonanza of the American auto-industry. “This plant directly supports hundreds of jobs right…
Keynesians’ Recipe for Disaster
There is an old saying, “too many cooks spoil the broth.” That very well could be true but an even truer statement is that too many Keynesians ruins the…