There are many similarities between the U.S. economy today and the U.S. economy of the early 1970s. I don’t need to over-elaborate on the details of the likeness of the two eras, because it’s actually the one distinct difference that is going to matter going forward.First I would like to take a brief look into [...]
Posts Tagged ‘Keynesian Economics’
The Downfall of Keynesian Economics and the U.s. (part 1 of 3)
December 13th, 2009 
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Tags: Agricultural Output, Air Planes, Allocations, Chairman Of The Federal Reserve, Distinct Difference, Downfall, Economic Output, Eras, Guns And Butter, Iraq Today, Jungle War, Keynesian Economics, Likeness, Monetary Base, Monetary Inflation, Paul Volcker, Price Tag, Trade Surplus, Vietnam War, War In Iraq 
No Comments »Keynesian Economics is a Failure
October 27th, 2009 Admin Keynesian exuberance for the powers of stimulating demand or the ‘consumer’ has been in vogue since the 1930s. It is sheer nonsense which is taught in every school across the globe. Keynesian economics is little more than intellectual pablum used by those in power or by a technocratic and largely illiterate elite to increase their [...]
Posted in Articles Tags: Bloomsbury Group, Business Cycles, Deficit Financing, Demagogues, Economic Decisions, Economic Relationships, Employment Interest, Full Employment, Government Power, Impact State, Income Equality, Keynes Theory, Keynesian Economics, Magical Elixir, Pablum, Production Processes, Sheer Nonsense, State Revenues, Unexpected Events, Wall Flower No Comments »