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Tag archive for ‘Keynesian economics’
By Dr. William Anderson On Tuesday, February 26th, 2013
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Paul Krugman, NY Times ‘Consuming Wealth Actually is the Same as Producing Wealth’

With the Big, Bad Sequester looming as the Crisis of the Week and all of the media and political angst accompanying it, I have come to understand that how one responds to the prospect of the government being forced More...

By Dr. William Anderson On Wednesday, February 20th, 2013
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Paul Krugman and His Zombie History

Murray Rothbard liked to say that economist often tended to specialize in the area where their knowledge was the worst, and given Paul Krugman’s butchery of the historical record, I’d say Rothbard had More...

By Dr. William Anderson On Sunday, February 17th, 2013
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Yes, Inflation is our Savior, leftists cheer hyperinflation

One of Paul Krugman’s repeated themes in his columns and blog posts is that inflation is a wonderful thing, and apparently we never can have enough of it. Inflation wipes out debt, transfer wealth from creditors More...

By Dr. William Anderson On Monday, February 11th, 2013
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Kick that Keynesian Habit

One think I do like about Paul Krugman’s columns extolling Keynesian theory is that they are predictable and easy to follow. I cannot say they really constitute economics, given that Krugman seems to believe More...

By Dr. William Anderson On Friday, February 8th, 2013
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Paul Krugman: The Real Friend of Fraud

One of Paul Krugman’s constant themes is that financial regulation, if done by people who properly have been schooled as Democrats, will guard against fraud, and he is at it again in his most recent column. More...

By Dr. William Anderson On Friday, February 1st, 2013
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Is the Fed Hampering the Recovery?

In his blog post on “Calvinist Monetary Economics,” Paul Krugman claims that a recent Wall Street Journal op-ed by John Taylor on why he believes the Fed is hampering the recovery by keeping interest More...

By Robert Herriman On Thursday, January 31st, 2013
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Robert Reich says unionization of Walmart will get the economy growing

The Keynesians have really brought flawed theories to the forefront during the past month by two of their preeminent thinkers. Robert ReichImage/United States Department of Labor Earlier in the month, it was Paul More...

By Robert Herriman On Wednesday, January 23rd, 2013
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Ron Paul: Krugman’s $1 trillion coin idea “just another variant of the endless stimulus proposals’

You Tube screen shot As many of you know, the liberal, Keynesian sage, Paul Krugman introduced the idea of a $1 trillion platinum coin be minted and as Krugman suggests, then depositing it at the Fed. This would More...

By Judy Aron On Saturday, December 29th, 2012
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Fiscal Cliff Simplified

It’s that easy! When you sit down to balance your family checkbook, do you decide to get yourself out of debt by spending more money? Of course not! But this is what Obama and his Congress has done.. they More...

By Robert Herriman On Sunday, September 9th, 2012
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Bill Clinton Says No One Could Have Turned The Economy Around In Just Four Years- Is He Correct?

Former President Bill Clinton has received many accolades recently from the right and the left concerning the economy he presided over in the 1990′s. Public domain photo/US Government But even the ego maniacal Clinton More...

By Dr. William Anderson On Monday, June 4th, 2012
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The Amnesia Economist by Dr William Anderson

One of the supposed rules for New York Times columnists is that they not endorse candidates or be overly politically partisan in what they write. That is a howler, of course, as the entire newspaper is little more More...

By Dr. William Anderson On Thursday, May 24th, 2012
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Will inflation save Europe?

In a recent column, Paul Krugman says that Europe essentially is committing “economic suicide” with its various “austerity” programs, with the only thing that can save the Continent being More...

By Dr. William Anderson On Wednesday, May 23rd, 2012
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State-administered medical care: not exactly a low-cost panacea

I have a lot of arguments with Keynesians, the first being that they are not really speaking of economics, per se, but rather concentrate upon the administration of state power. To a Keynesian, there are no real More...

By Dr. William Anderson On Thursday, May 17th, 2012
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Natural Born (Economy) Killers

When it comes to the use of certain kinds of fuels, myths abound and especially myths created and nurtured by Progressives in academe, government, and the media. Given that Paul Krugman is a card-carrying Progressive, More...

By Dr. William Anderson On Monday, May 14th, 2012
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Krugman: More inflation and higher taxes will end the depression

In recent months, Paul Krugman has become an out-and-out cheerleader for inflation, claiming that throwing out more dollars somehow will revive the economy because people will quickly spend their depreciating money More...

By Dr. William Anderson On Tuesday, March 20th, 2012
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Heading for double-digit inflation?

Whenever someone mentions inflation, Paul Krugman is all over the statement, trotting out the CPI which shows relatively low overall price increases at about three percent. (He holds this as “proof” More...

By Dr. William Anderson On Monday, March 19th, 2012
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More economic illiteracy from the NY Times

Paul Krugman seems to be in a bi-partisan spirit in his latest column, claiming that Mitt Romney is a “closet Keynesian,” and he may be right. I’m not sure that Romney is a closet anything other More...

By Dr. William Anderson On Monday, March 12th, 2012
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Will inflation save the European economy?

In his latest column, Paul Krugman believes that he has the answer to saving the European economy from disaster. The solution? In a word, inflation. Yes, if the European Central Bank will show the “courage” More...

By Dr. William Anderson On Wednesday, December 21st, 2011
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Drowning in Keynesian fallacies

Whenever a Keynesian, be it Paul Krugman or even the original Keynesian, try to “refute” Say’s Law, they generally create a caricature or straw man, and then refute that instead of dealing with More...

By Dr. William Anderson On Monday, December 19th, 2011
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Keynesians: Fight the collapse of the bubbles by creating bigger bubbles

In 2002, Paul Krugman made his infamous statement: To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul More...



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