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Notwithstanding Keynesian Fantasies, Redistribution Does Not Stimulate Growth

Back in 2010, then-House Speaker Nancy Pelosi actually claimed that paying people not to work would be good for the economy. Wow, that’s almost as bizarre as Paul Krugman’s assertion that war is good for growth. Professor Dorfman of the University of Georgia remembers Pelosi’s surreal moment and cites it in his column in Forbes, […]

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Japan’s Descent into Keynesian Parody

It’s very hard to be optimistic about Japan. I’ve even referred to the country as a basket case. But my concern is not that the country has been mired in stagnation for the past 25 years. Instead, I’m much more worried about the future. The main problem is that Japan has the usual misguided entitlement […]

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Trudeau-nomics: Squandering Canada’s Fiscal Legacy, Risking Canada’s Economic Progress

In recent weeks, the bureaucrats at both the International Monetary Fund and the Organization for Economic Cooperation and Development have recommended that politicians should have a green light to supposedly stimulate growth by increasing the burden of government spending. Since the lavish (and tax-free) salaries for IMF and OECD bureaucrats are made possible by those […]

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The War against Cash, Part III

Although it doesn’t get nearly as much attention as it warrants, one of the greatest threats to liberty and prosperity is the potential curtailment and elimination of cash. As I’ve previously noted, there are two reasons why statists don’t like cash and instead would prefer all of us to use digital money (under their rules, […]

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To Boost a Global Economy Burdened by too much Government, OECD Endorses…an “Urgent” Keynesian Spending Binge

I don’t know whether Keynesian economics is best described as a perpetual motion machine or a Freddy Krueger movie (or perhaps even the man behind the curtain in the Wizard of Oz), but it’s safe to say I’ll be fighting this pernicious theory until my last breath. That’s because evidence doesn’t seem to have any […]

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Has Keynesian Economics Finally Jumped the Shark?

If everyone has a cross to bear in life, mine is the perplexing durability of Keynesian economics. I thought the idea was dead when Keynesians incorrectly said you couldn’t have simultaneously rising inflation and unemployment like we saw in the 1970s. Then I thought the idea was buried even deeper when the Keynesians were wrong […]

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