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How Macroeconomics Lost Its Way 3: A Return to Keynes
“Bliss was it in that dawn to be alive, But to be young was very heaven!” William Wordsworth glorifying the French Revolution and Paul Samuelson glorifying the Keynesian Revolution Well, in both cases,...
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President Obama extends the Keynesian fallacy
In his address to Congress on September 8, 2011, President Obama requested $447 billion in short-run spending initiatives and in short-run payroll tax cuts to boost failing economic growth across the...
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The wages of Obamania
“The political strategy behind Obamanomics was always simple: Call for ‘stimulus’ to rescue the economy, run up the debt with the biggest spending blitz in 60 years, and then when the deficit explodes...
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Larry Summers emits methane gas across Harvard Yard
In one matter we can be quite sure. Larry Summers is the most loyal Obama-sycophant of them all. He is, if you like, Heinrich Himmler to Adolf Hitler, loyal at least to the point in time when the...
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