Wednesday, January 7, 2009

Keynes on "The Future"

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Earlier today we received the following comment from a reader in Canada in response to yesterday's posting of the letter to the Wall Str...
Tuesday, January 6, 2009

"The Paradox of Thrift": Keynes' Greatest Fallacy?

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Today's rather eye-catching article title in the Wall Street Journal said it all: "Hard-Hit Families Finally Start Saving, Aggrava...
Monday, January 5, 2009

Does the Wall Street Journal Understand Private Property?

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A short time ago the Wall Street Journal ran an editorial by Mr. Ronald J. Pestritto declaring that Roosevelt was not a conservative, and s...
Friday, January 2, 2009

News from the Network, Vol. 2, No. 1

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Due to the holidays, things have slowed down and news items are few. We expect things to begin moving more swiftly once the new administrat...
Tuesday, December 30, 2008

Open Letter to Tom Friedman of the New York Times

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Steve Roy, Guest Blogger I just sent this in to the New York Times as a letter to Mr. Tom Friedman: If Mr. Friedman is interested in helpin...
Monday, December 29, 2008

Even Keynesians Agree: Savings Equals Investment

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We didn't get a chance to post this letter to the Wall Street Journal on the blog the day we sent it, but the situation hasn't chan...
Friday, December 26, 2008

News from the Network, Vol. 1, No. 18

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As this is the last "News from the Network" for 2008, we will use it to list the major accomplishments through the year. Obviousl...
Tuesday, December 23, 2008

Happy Holidays, Etc.

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There will be no posting tomorrow, Christmas Eve, or on Christmas Day. (This will probably also hold true for New Year's Eve and New Ye...

William Cobbett's "The Emigrant's Guide"

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No, we're not suggesting that anyone leave the United States to get ahead in these difficult times. We'd just like to announce that...
Monday, December 22, 2008

Cracks Appearing in Keynesian Economics

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Definite cracks are beginning to appear in the hitherto seemingly unshakable Keynesian foundation of modern monetary and fiscal policy. In ...
Friday, December 19, 2008

News from the Network, Vol. 1, No. 17

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With the end of the year coming fast on us, things are slowing down both politically and economically. Many people believe that the current...
Thursday, December 18, 2008

Lord Keynes, Reverend Malthus, Dr. Moulton, and Monsieur Say

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A pillar of Keynesian economics is the rejection of "Say's Law of Markets." Say's Law (named for the French political eco...
Wednesday, December 17, 2008

Addressing the Financial Crisis in Ireland

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Yesterday, at the suggestion of Mr. Chris O'Connor, Financial Secretary of the local division of the Ancient Order of Hibernians, we sen...
Tuesday, December 16, 2008

The Unions Forever?

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Dinosaurs ruled the Earth until (as some paleontologists believe) a large comet or meteor hit the planet, causing massive climatic change th...
Monday, December 15, 2008

Keynes' Ponzi Scheme

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Everyone (or almost everyone) on Wall Street is running around trying to save capitalism from the Madoff scandal, without first asking the q...
Friday, December 12, 2008

News from the Network, Vol. 1, No. 16

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As the holidays approach, we spend more time setting up opportunities for the New Year and completing routine annual tasks than we do "...
Thursday, December 11, 2008

Is the United States Now a "Command Economy"?

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The political pundits all seem to be in agreement this morning that the automakers' bailout is in trouble. It has passed the House, but...