Check out YAL activities on campus and updates from around the liberty movement.
John Maynard Keynes’ “spend your way to prosperity” theory is still alive and well even as we see the negative effects that the “stimulus” plans, designed based on his theory, have had on our economy. Commondreams.org author David Morris illustrates, in his August 7th article, some of the common misunderstandings that people have about economics. …
As Jeff Tucker over at the Mises Institute mentions, here is a new Hayek interview which includes discussion of Mises and Keynes and — like all of Hayek’s interviews — is thoroughly interesting throughout.
The White House predicted modest growth in its annual economic forecast, warning that a revival of job growth may not bring a big decline in unemployment. This prediction comes as part of a report which doesn’t call for unemployment rates below 6% until 2016 — six long years away. Nonetheless, it (probably foolishly) predicts “average …
Does anybody remember the various signs, posters, etc. during 2007 calling Obama an empty suit? Now, I’m not putting the blame completely on him, but, honestly, how can we continue to be a nation that follows the grandiose speeches of a man who continually goes 180 on nearly every promise given during his campaign? Of …
GMU economist Peter Boettke countered the idea that increased government involvement in the economy will be a change in course on The Austrian Economists blog yesterday. “Fiscal policy has been irresponsible for at least two generations,” he argues, and “monetary policy has been loose in an effort to minimize the short term pain of adjustment.” …
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