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Nine Key Takeaways from Brexit

What an amazing vote. The people of the United Kingdom defied the supposed experts, rejected a fear-based campaign by advocates of the status quo, and declared their independence from the European Union. Here are some takeaway thoughts on this startling development. 1. The UK has voted to leave a sinking ship. Because of unfavorable demographics […]

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The Recipe for Job Creation: Less “Help” from Washington

The American economy is in the doldrums. And has been for most this century thanks to bad policy under both Obama and Bush. So what’s needed to boost growth and create jobs? A new video from Learn Liberty, narrated by Professor Don Boudreaux (who also was the narrator for Learn Liberty’s superb video on free […]

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Japan and the IMF: A Match Made in Keynesian Hell

Japan is the poster child for Keynesian economics. Ever since a bubble popped about 25 years ago, Japanese politician have adopted one so-called stimulus scheme after another. Lots of additional government spending. Plenty of gimmicky tax cuts. All of which were designed according to the Keynesian theory that presumes that governments should borrow money and […]

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Improbable Success: How Free Markets Created the Chilean Miracle

I shared yesterday a remarkable TV show about Estonia’s entrepreneurial miracle. Today, let’s look at the Chilean version in the series. It shows how the South American nation, which now is ranked very high for economic freedom, is a shining example of how small government and free markets are a recipe for good results. I […]

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Five Big Reasons to Applaud the Improbable Success of Estonia…and Five Small Reasons to Worry

Communism is an evil system. Freedom is squashed and people are merely cogs in a system where government exercises total control over the economy and destroys the lives of ordinary people. It also erodes the social capital of a people, telling them that individual initiative and success are somehow exploitative and evil. So when such […]

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Disentangling Keynesian Fiscal Policy

At the risk of understatement, I’m not a fan of Keynesian economics. The disdain is even apparent in the titles of my columns. Notwithstanding Keynesian Fantasies, Redistribution Does Not Stimulate Growth Japan’s Descent into Keynesian Parody Has Keynesian Economics Finally Jumped the Shark? More Keynesian Primitivism from the Congressional Budget Office The Perplexing Durability of […]

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