by Brian Garst | Sep 2, 2011 | Blogs, Economics, Keynesian
Disaster Keynesianism is the moniker I’ve given to the belief that destruction from natural disaster promotes prosperity. It is the logical extension of standard Keynesianism, which holds that any government spending is a boost to growth, and the various voodoo...
by Dan Mitchell | Aug 18, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian
Paul Krugman recently argued that a fake threat from space aliens would be good for the economy because the people of earth would waste a bunch of money building unnecessary defenses. That was a bit loopy, as I noted a few days ago, but other Keynesians also have been...
by Dan Mitchell | Jul 30, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian
While driving home last night, I had the miserable experience of listening to a financial journalist being interviewed about the anemic growth numbers that were just released. I wasn’t unhappy because the interview was biased to the left. From what I could tell, both...
by Kevin Hilferty | Jul 21, 2011 | Big Government, Blogs, Economic Growth, Economics, Government Spending, Keynesian
Susan Feiner, in a recent blog post for Ms Magazine, argues that continuing deficits favor the feminist movement. The post is entitled “A Feminist Economist Speaks Out: Deficits are a Grrrl’s Best Friend”. Normally I wouldn’t give any time to addressing the arguments...
by Dan Mitchell | Jun 14, 2011 | Blogs, Economics, Taxation
Larry Summers served as Chairman of the National Economic Council for Barack Obama, so it is rather remarkable that he is admitting that the economy is in deep trouble and that America may be on the verge of long-term, Japanese-style stagnation. Here’s part of what he...
