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
Tags » John Maynard Keynes
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
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
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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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” 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.