keynesianism

Germany’s Superstimulus; Or, The Familiar (Dollar) Disorder of Bumbling Failure

By |2019-08-21T11:37:16-04:00August 21st, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The Economics textbook says that when faced with a downturn, the central bank turns to easing and the central government starts borrowing and spending. This combined “stimulus” approach will fill in the troughs without shaving off the peaks; at least according to neo-Keynesian doctrine. The point is to raise what these Economists call aggregate demand. [...]

A Cure For The Economy

By |2009-01-23T15:09:19-05:00January 23rd, 2009|Markets|

In order to cure what ails, one must first diagnose the problem. What we have today is an economy rife with fear and stricken with debt. Fear of losing one’s job, fear of being unable to pay one’s obligations. Fear of expanding, fear of hiring, fear of producing, fear of change. Fear dominates our economic landscape, [...]

A Cure for the Economy

By |2009-01-23T14:16:08-05:00January 23rd, 2009|Markets|

In order to cure what ails, one must first diagnose the problem. What we have today is an economy rife with fear and stricken with debt. Fear of losing one’s job, fear of being unable to pay one’s obligations. Fear of expanding, fear of hiring, fear of producing, fear of change. Fear dominates our economic landscape, [...]

The Paradox of Keynesianism

By |2009-01-23T10:21:35-05:00January 23rd, 2009|Markets|

The very foundation of Keynesianism is based on a fallacy – the Paradox of Thrift. Paul Krugman explained this alleged paradox in one of his New York Times editorials: Some background: one of the high points of the semester, if you’re a teacher of introductory macroeconomics, comes when you explain how individual virtue can be [...]

The Paradox of Keynesianism

By |2009-01-18T18:06:09-05:00January 18th, 2009|Economy|

The very foundation of Keynesianism is based on a fallacy – the Paradox of Thrift. Paul Krugman explained this alleged paradox in one of his New York Times editorials: Some background: one of the high points of the semester, if you’re a teacher of introductory macroeconomics, comes when you explain how individual virtue can be [...]

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