A quick word on Keynsianism
That pump priming thing only works if you do it with surplus money that you’ve saved. It doesn’t work with deficit spending. Sorry, Barry. But then it never was about fixing the economy, was it?
Category Archives: Economics
Bill Whittle Channels Hayek
QOTD: If real wars were like trade wars.
I’m quoting the whole thing because it’s just that good. If governments fought real wars like they fight trade wars, here’s how the transcript of the communiqués between the leaders of two warring nations would read: Leader of Absurditoptia (A): … Continue reading
You can’t eat gold
What works for the people with $40 million in disposable income doesn’t work for the rest of us. Not only can you not eat gold but in a real crises you can’t even trade it for something you CAN eat. … Continue reading
Liquidity Trap
A few decades ago when I was working my way through an Economics degree, the concept of a Liquidity Trap was explained as some kind of horror that could never happen here. Oh well. It’s very interesting (in the Chinese … Continue reading
QOTD: !Unexpected
“While our economy is enormously complicated, it seems reasonably clear that the current slump has turned into the “worst downturn since the Great Depression” precisely because of the ill-advised policies of the Obama administration. Those policies contradict the lessons of … Continue reading
Stimulus Spending: Real or Fake?
See more videos from the Rebel Economist here
The Broken Window Fallacy
It’s more prevalent than you might think.
The most awesome thing you will see this week.
Milton Friedman schools a young punk in reality. Young punk is Michael Moore, who apparently never learned a thing.
Russia to eliminate their capital gains tax
Russia will scrap capital gains tax on long-term direct investment from 2011, President Dmitry Medvedev has said. Hmmm… Interesting. Why on earth would they do that? Mr Medvedev told the St Petersburg International Economic Forum that long-term direct investment was … Continue reading