Category archive: Keynesianism
Breaking News: Destroy Your House and End up ‘better off than before’
By Chuck Roger • September 9th, 2011 12:00 am
By Chuck Rogér Café Hayek blogger Don Boudreaux recently posted a priceless open letter to University of Maryland professor Peter Morici. Dear Peter: In your guest blog-post yesterday at CNBC you argue that the destruction caused by hurricane Irene will spark a “process of economic renewal [that] can leave communities better off than before” (“Economic [...]
Big Government’s Big Spending Has Boosted Inflation and Killed 3.5 Million Jobs
By Chuck Roger • August 12th, 2011 12:00 am
Originally at American Thinker By Chuck Rogér Rising prices are no surprise to anyone who has been following the actions of Ben Bernanke’s Fed. Two rounds of “quantitative easing” injected more than $2.3 trillion into bank reserves, and thus to some extent into the economy. The more money chasing products and services, the more those [...]
Bernanke’s Posturing Ignores Inflation Reality and Hurts Americans
By Chuck Roger • June 10th, 2011 12:00 am
Originally in American Thinker By Chuck Rogér In a recent article discussing the effects of “quantitative easing,” I remarked that the “Federal Reserve has laid the charges, connected the leads, and now stands ready at the detonator.” From the article: In QE, a nation’s central bank buys financial instruments, such as Treasury bonds, with money decreed into existence through [...]
Bernanke’s Economic Time Bomb
By Chuck Roger • May 26th, 2011 12:00 am
Originally in American Thinker, May 20, 2011 By Chuck Rogér Ben Bernanke’s Federal Reserve has laid the charges, connected the leads, and now stands ready at the detonator. America waits. We wait for the economic effects of “quantitative easing” (QE). In QE, a nation’s central bank buys financial instruments, such as Treasury bonds, with money decreed into existence through [...]
Why worry over the ‘trade deficit’?
By Chuck Roger • January 11th, 2011 12:30 am
You hear it all the time. We’re getting killed by China! We need to stop shipping jobs overseas. Neither complaint holds water when viewed against global trade’s economic effects on America. Working off an inventory of topics which I’ve been collecting, I reach back to a September 2010 post by Cato Institute’s Daniel Griswold for an [...]
Extension of the Bush tax cuts is not a ‘stimulus’; producers need confidence to increase production
By Chuck Roger • December 16th, 2010 5:43 am
During a Fox News Channel discussion panel, columnist Charles Krauthammer claimed that extending the Bush tax cuts would provide a huge stimulus to the economy in 2011. My wife looked at me and said, “Wait a minute. Pause that,” referring to the DVR-recorded installment of Special Report with Bret Baier that we were watching. See, [...]
America needs to hit rock bottom
By Chuck Roger • June 3rd, 2010 9:01 pm
The government “stimulus” spending theory of progressive English economist John Maynard Keynes was soundly discredited not only by FDR’s Great Depression follies, but also by LBJ’s Great Society and the Nixon-Carter nonsense of the 1960s and 1970s. Nevertheless, as economist Robert Higgs observes: Now [Keynesian spending] has come roaring back. Of course, the general public, [...]
Keynesian economists trying to forecast their way out of paper bags miss the fact that there is an open end
By Chuck Roger • January 11th, 2010 12:05 am
Daniel Mitchell at the Cato Institute calls out the silliness of the followers of Great-Depression-era economist John Maynard Keynes. Mitchell shows a chart using data from the Philadelphia branch of the Federal Reserve Bank. Click on graph for larger view. Although it’s not obvious what the graph’s vertical axis represents, still there is value [...]
