Tags » John Maynard Keynes

The Law of Supply and Demand

The two most fundamental forces in economics are supply and demand. These two forces link back to all market analysis. Today we’ll look at each of these forces and how the two of them interact. 420 more words

Economic Theory

You could listen to Chancellor Wise on civility...

…or you could listen to John Maynard Keynes:

Words ought to be a little wild, for they are the assaults of thought on the unthinking.

H/t Paul Krugman


The Death of Modern Economics.

On Reuters, we read:

The euro was deep in the red on Friday, having suffered its steepest fall in three years after the European Central Bank stunned markets by cutting interest rates and embarking on a trillion-euro asset-buying binge.

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Is this the dumbest book on economics ever written?

There will have to be a wall of shame for economists who endorsed Keynesian solutions back in 2009 who will need to have their beliefs brought back to haunt them. 796 more words

Milton Friedman on John Maynard Keynes commentary

Friedman again proved he had no idea about economics (he was actually never interested in economics per se, but in ushering a new era of utter deregularization, which would be highly profitable for capitalists, regardless of consequences for the economy – his father was a capitalist, and Friedman never forgot the problems he had with workers’ unions). 314 more words

The Death of Keynesianism

Via Carpe Diem, an excellent article on the last recession from Calafia Beach Pundit:

Despite assurances from politicians and most economists of Keynesian persuasion, not only did the biggest and most rapid increase in our federal debt burden since WW II fail to boost the economy, it coincided with the weakest recovery in history—growth of only 2.2% per year on average.

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John Maynard Keynes

” Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

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