The video below features economists Russ Roberts and John Taylor, both of the Hoover Institution. It offers a quick and easy way to learn some real clear economics and to understand what is happening, and what is not happening, in … Continue reading
I’ve said something here many times that I think readers have found surprising because it is probably the opposite of what they learned in school, heard from their parents when they were children, and read and heard in the media … Continue reading
One of Mitt Romney’s top economic advisors is Greg Mankiw, Harvard professor of economics. Mankiw is a much esteemed and accomplished New Keynesian Economist. The new kind of Keynesianism is probably better than the old kind which thinks government spending … Continue reading
The Heritage Foundation has posted F.A. Hayek’s top ten do’s and don’t in a recession. Here’s my attempt to condense them into one sentence: Recessions in a complex free market are normal and constitute a necessary and wonderful self-correcting mechanism … Continue reading
Steve Forbes Nails it on the definition of Keynesian economics in the current issue of Forbes. Not an exact quote but this captures the essence of what he wrote: Keynesian economics is the theory that when consumers don’t spend sufficiently, in … Continue reading