18 hours ago by lobobreed

So the bubble finally burst. The Keynesian Socialism which has run California as a Progressive-Liberal State since the days of Edmund G. “Pat”, has finally spent itself into its inevitable oblivion, and now the populace must pay the Austrian School Piper. For years Californians have passively paid t ...

Silverwolf:The Lobo Breed - lobobreed.wordpress.com · 6 references

7 days ago by The Prophet

On November 12, 2009, weekly initial reported jobless claims were announced as 502,000. While an improvement from last week initial jobless claims have remained over 500,000 per week for all of 2009. In response to these continuing dreadful unemployment numbers President Obama announced a job summit ...

Prophet Without Profit - prophetwithoutprofit.com

8 days ago by culturalcapitalism

http://www.washingtonpost.com/wp-dyn/content/article/2009/11/11/AR2009111122257.html?nav=rss_opinion/columns

cultural capitalism - culturalcapitalism.com · 4 references

11 days ago by Bevan Sabo

Dave Prychitko at The Economic Way of Thinking has devised a expedient way to spend the stimulus money and avoid the heavy transaction costs associated with any Keynesian-style economic revival. He also manages to point out some of the absurd aspects of the stimulus along the way. By lottery, give a ...

Free Market Mojo - freemarketmojo.wordpress.com · Rank: 19,967 · 26 references

11 days ago by Monty Pelerin

Image via Wikipedia What’s old is new again, or soon to be. Unfortunately, we will probably have to incur an economic collapse before the modern-witch doctors we call economists are finally disgraced. For a variety of reasons, more and more people are questioning the so-called wizards. Rolfe Winkler ...

Monty Pelerins World - economicnoise.com · 1 reference

11 days ago by ramanan50

Honey moon with Capitalism is turning sour. Reason is that Keynesian Economic Theory is not working in terms controlling Inflation and deflation. Secondly the assumption that material benefits alone can guarantee security is taking a beating as security of future is not guaranteed even by Capitalism ...

Ramanan50's Blog - ramanan50.wordpress.com

13 days ago by Sam Hayden Jr

A year after Barack Obama’s historic election, one of his most contentious programs has been the $700 billion stimulus package. Here’s a clip of Lewis Black explaining John Maynard Keynes’ theory of how public works projects can stimulate the economy in his own inimitable (and be warned, very foul-m ...

Samhaydenjr's Weblog - samhaydenjr.wordpress.com · 2 references

13 days ago by Monty Pelerin

Image by m.a.r.k via Flickr Econ 301 are for Economics geeks only. The following post appeared on the website Taking Hayek Seriously. It deals with the sub-set of economics known as macroeconomics and puts in more technical terms why anything approaching top-down approach (primarily Monetarism and K ...

Monty Pelerins World - economicnoise.com · 1 reference

13 days ago by Monty Pelerin

In a Financial Times piece, Edmund Phelps, Nobel laureate in Economics in 2006 states: The gravest error of the phony debate between two non-starters is that their superficial and mechanical character – the clockwork of the neoclassical system and the hydraulics of the Keynesian one – operate to dis ...

Monty Pelerins World - economicnoise.com · 1 reference

13 days ago by Tom Church

From Arnold Kling writing at The American: Pump-priming and stimulus policies are a good fit for a manufacturing economy with homogeneous labor affected by temporary layoffs. They are not such a good fit for a post-industrial economy with an educated labor force facing permanent structural changes. ...

Red White Waves and Blue - rwwb.wordpress.com