Owen Gray at Northern Reflections and The Moderate Voice takes a cue from Paul Krugman, whom, Gray concludes, “has a right to be pessimistic.” The powerful elites on both sides of the Atlantic suffer from group think. And, instead of…
#Monetary Policy
On Krugmanism: The opposite of unwisdom isn’t always wisdom
Posted in Economics Tagged with: Financial Crisis, Fiscal Policy, Keynes, Monetary Policy, Owen Gray, Paul Krugman, Unemployment
How to make money: James M Buchanan on completing the American Revolution
Economist James M. Buchanan – born: 1919, Nobel Prize: 1986 – should not be called upon or expected to enter the political trenches, to simplify or pretty things up for the masses or for striving politicians, nor to construct elaborately…
Posted in Books, Economics, US History Tagged with: Constitutionalism, Financial Crisis, Gold Standard, Hobbes, James M Buchanan, Monetarism, Monetary Policy, The Founders, The Framers