John Cochrane writes in the Wall Street Journal An Autopsy for the Keynesians Excerpts: Inequality was fashionable this year. But no government in the foreseeable future is going to enact punitive wealth taxes. Europe’s first stab at “austerity” tried big taxes
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John Cochrane writes in the Wall Street Journal An Autopsy for the Keynesians Excerpts: Keynesians told us that once interest rates got stuck at or near zero, economies would fall into a deflationary spiral. Deflation would lower demand, causing more
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From John Mauldin in his blog, Mauldin Economics, Where is the Growth? Government is necessary to the extent that we need to maintain a level playing field and proper conduct, but with the recognition that wherever government is involved there are costs
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In a Charlie Munger interview he discusses the necessity of social virtue for Keynesian policies to work. Societies like ours, the Germans, or the Japanese have the virtues required for Keynesian stimulus to work. Greece on the other hand lacked
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David Stockman writes Sundown in America: How Crony Capitalism has Left Us State Wrecked in the 4/1/13 New York Times. Excerpts: As the federal government and its central-bank sidekick, the Fed, have groped for one goal after another — smoothing
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In the wake of the elections of November 3, 2008 we noted the dramatic swing of the independent voter. Who are these voters and why do they refuse to ally themselves with one of the two major parties? I confess
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