Tag Archives: Keynes

Deflation: The New Normal.

Let’s face it, the world is getting dangerous, and those with wealth throughout the world are finding U.S. Treasuries.  Capital flows into the U.S. economy has appreciated the dollar.  This along with deflation is a very good sign for American … Continue reading

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Draghi: Hits a Nerve

The collapse of velocity (public spending) throughout the entire European monetary union isn’t something any Central Bank can fix.  This is a structural problem best resolved by politico’s.  Having the Central Bank assume responsibility for political problems that are intrinsically … Continue reading

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If Macro-Economics Is So Great, Why Don’t We Prosper?

Recently the WSJ editorial page had a letter to the editor from a devoted reader in La Jolla, California.  He asked a pointed question, you know the type, the dangerous inquiry that excoriates the philosophical foundation of Keynesian thought. The … Continue reading

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Reason & British Common Law Trump Ideology In Cyprus

The thinking throughout both the U.S. and the entire Eurozone was simple yet dreadfully misplaced:  enforcing market discipline on both bank creditors and bondholders would risk contagion.  The politicos throughout both systems remain extraordinary weak in both their underdeveloped fortitude … Continue reading

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Dr. Ronald I. McKinnon: The Arab Spring & Loose Money at Federal Reserve

Don’t expect a synoptic approach from arcane specialists. Arnold Toynbee’s massive 12 volumes on the “Study of History” spells out the social and psychological relation between pusillanimity and the pathetic drive to fine a niche from which to survive.  This … Continue reading

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The Alternative Gnomes of Macro-finance: Dr. Allan Meltzer & Dr. Gerald P. O’Driscoll Jr.

I just love the contemporary students of Hayek and Ludwig von Mises in the names of Allan Meltzer and Gerard P.  O’Driscoll.  Dr. O’Driscoll is a former President of the Federal Reserve Bank of Dallas.  Both men continue to hammer … Continue reading

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Failure Of Keynesian Economics

Team Obama has exposed the empty edifice that is Keynesian Economics, for the once glorious ‘multiplier’, the foundation of Lord Keynes economic thought has failed. Early in our ‘market failure’ there were ironic historical contrasts reminiscent of Fascist leaders who … Continue reading

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Keynes vs. Hayek: The Great Debate About American Future

The stimulus package passed by the Obama administration has failed.  By definition we’re witnessing the complete death of Keynesian macoro-economics.  Although Reagan and the ‘supply-siders’ drove the stake into the heart of Keynes, it has become quite apparent to those … Continue reading

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