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Archive of posts published in the tag: Robert Mundell

Why QE-3 Will Fail

Larry Kudlow writes in the National Review Online Obamanomics Has Failed Dismally,  9/14/12 Excerpts: More money doesn’t necessarily mean more growth. More Fed money won’t increase after-tax rewards for risk, entrepreneurship, business hiring, and hard work. Keeping more of what…

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Why a Stable Economy is So Elusive

When reading and reflecting on the history of our economic and financial condition it appears that we get it wrong more often than we get it right. Just as our history is a history of wars with brief interim periods…

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A Blessing in Disguise

Economist John Taylor writes an excellent article : The End of the Growth Consensus in the Wall Street Journal (7/21/11). Excerpts: Economic policy in the ’80s and ’90s was decidedly noninterventionist, especially in comparison with the damaging wage and price controls…

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Supply Side Footnotes

Supply side economics remains controversial and poorly understood both by its critics who think it is just  ‘trickle down’ economics: a thinly veiled rationalization to improve the lives of the wealthy at the expense of the poor, and by many…

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We are all economists now

To say that economics is about money is like saying art is about color.  Money is a critical element, but it explains very little about the discipline. Many laymen confuse economics with finance. While the subjects substantially overlap, our recent…

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The Right Economic Mix

Brian Domitrovic’s Econoclasts writes of the rise of supply side economics as proposed by Nobel prize winning economist Robert Mundell and his intellectual emissaries, most notably Arthur Laffer. The core of Mundell’s theory was that monetary policy should do only…

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Mission Creep at the Fed

The most misunderstood aspect of the success of the Reagan led supply side revolution was the monetary aspect. The idea adapted from Robert Mundell’s theory was that the Fed should focus ONLY on monetary matters and that fiscal policy should…

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Laffer and Krugman

In Econoclasts author Brian Domitrovic chronicles the rise of the supply side revolution, the economic prescription that ended the stagflation of the 1970’s and sparked a strong economic growth that lasted over 20 years. Arthur Laffer, of the famous Laffer…

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