From a microeconomic perspective, there is some genuine disruption for affected federal bureaucrats, even if they eventually will get full – and lavish – compensation for their involuntary vacations. And some federal contractors are being hit as well. There’s also …
Category: Government Stimulus
The Grumpy Economist: Volalitily, now the whole thing
WONK ALERT! And now for the meaty post of the week! Seriously, this is a fantastic piece by The Grump Economist, John H. Cochrane, senior fellow at The Hoover Institute. Here’s a sneak preview: What’s causing the big drop in …
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How Private Banks Create Bubbles — with the Help of Central Banks | Mises Wire
Observe that while fulfilling the role of the medium of savings, money is not savings. An increase in money will not result in more savings. An increase in savings requires the increase in the production of consumer goods all other …
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Everything You Need to Know about Assigning Blame for the Great Depression, Captured by a Cartoon | International Liberty
https://danieljmitchell.wordpress.com/2017/11/18/everything-you-need-to-know-about-assigning-blame-for-the-great-depression-captured-by-a-cartoon/
Keynesian Economics and the Fallacy of Boosting Growth by Destroying Wealth | International Liberty
Yet Keynesian economics has “perplexing durability,” probably because the theory tells politicians that their vice of profligacy is actually a virtue. Jeff Jacoby explains why this is poisonous economic analysis. Could anything be more absurd? The shattering losses caused by hurricanes, earthquakes, …
Can the Government Run the Economy? – YouTube
“The economy isn’t a machine, and the government can’t force it to act like one”
Does “Wagner’s Law” Mean Libertarians Should Acquiesce to Big Government? | International Liberty
Back in October, Will Wilkinson of the Niskanen Center wrote a very interesting – albeit depressing – article about the potential futility of trying to reduce the size of government. He starts with the observation that government tends to get …
The Myth and Reality of Trickle-Down Economics | International Liberty
…allowing everyone to pursue all the opportunities they can in the marketplace, with the minimal level of taxation and regulation, will create generalized prosperity. The value of cutting taxes is not just cutting them for higher income groups, but for …
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