by Henry Oliner | Jan 21, 2015 | Economics
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 on the...
by Henry Oliner | Dec 21, 2014 | Economics
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 deflation, and so...
by Henry Oliner | Oct 21, 2014 | Economics
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 for that...
by Henry Oliner | May 7, 2014 | Business, Politics
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 these essential...
by Henry Oliner | Apr 2, 2013 | Business, Economics
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 out the business...
