Post Tagged with: "Austrian economics"

December 13, 2011 10:15

The Ominous Parallels

Most readers are not familiar with this work, but it applies to what is happening today. While it was written and relevant thirty years ago, it is more so today.

September 12, 2011 07:34

Half-educated economics graduates are leading us to ruin

You don’t see how governments can borrow their way out of debt? You’re just revealing your ignorance! You’ve had to cut back on your own spending, and you think the public sector ought to do the same? You know nothing about economics! You worry that we’re leaving our children with an unprecedented debt level? Go away and do GCSE history!

September 12, 2011 06:52

A High Stakes Clash of Economists

Keynes’ view was that the government had to spend lots of money on public housing, better roads, and improvements to the electricity grid to get money into general circulation, stimulate the economy, and restore business confidence. The unemployed had to be given work even if it was the government not private enterprise that would provide the capital.