by Henry Oliner | Oct 2, 2014 | Economics
Conrad Black writes Battle of the Cliches in The National Review excerpt: In economics, Keynes and Hayek have become simplistic labels, Keynes for spending out of recessions with deficit financing and Hayek for economic shrinkage of government. In fact, 75 percent of...
by Henry Oliner | Sep 2, 2014 | Economics
from Scott Grannis in his blog The Calafia Beach Pundit, What happened to all the profits? excerpts: Here’s the failure in a nutshell: The government can’t stimulate the economy by borrowing from Peter and sending a check to Paul, because that...
by Henry Oliner | Jun 28, 2014 | Economics
One of the recurring general themes in my years of blogging is the flawed logic in many of the ideas proposed by some of our most educated and brightest commentators and policy makers. There are many books that address the reasons that smart people make bad decisions...
by Henry Oliner | Jul 8, 2012 | Economics
Economist Scott Grannis writes in his excellent blog, Calafia Beach Pundit Thoughts on Why Real Growth Has Been Disappointingly Slow, 4/27/12. Excerpts: As a corollary, while central banks have the ultimate control over our inflation destinies, they have very little...
by Henry Oliner | Apr 7, 2012 | Economics
In his book comparing the Chicago and Austrian schools of economics, Mark Skousen clarifies the various schools of thought by their faith in Capitalism. Marxists have no faith in capitalism. In the world of capitalism they are the atheists. “To the Marxist,...
