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More Evidence against Big-Spending Keynesian Economics

Keynesian economics is a perpetual-motion machine for statists. The way to boost growth, they argue, is to have governments borrow lots of money from the economy’s productive sector and then spend it on anything and everything. Even if the money is squandered on global defense against a make-believe alien attack, according to Keynesians like Paul […]

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Another “Oops” Moment for Paul Krugman

I’m tempted to feel a certain degree of sympathy for Paul Krugman. As a leading proponent of the notion that bigger government stimulates growth (a.k.a., Keynesian economics), he’s in the rather difficult position of rationalizing why the economy was stagnant when Obama first took office and the burden of government spending was rising. And he […]

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The Final Nail in the Keynesian Coffin?

I wrote earlier this year about the “perplexing durability” of Keynesian economics. And I didn’t mince words. Keynesian economics is a failure. It didn’t work for Hoover and Roosevelt in the 1930s. It didn’t work for Japan in the 1990s. And it didn’t work for Bush or Obama in recent years. No matter where’s it’s been tried, it’s been a flop. So why, […]

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Pro-Keynesian Journalist Accidentally Shows that Smaller Government Is Good for Economic Growth

I don’t know if this is a good personality trait or a character flaw, but it always brings a big smile to my face when a leftist tries to argue for bigger government but inadvertently makes an argument in favor of smaller government. Sort of like scoring a goal against your own team in soccer. […]

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Nation’s Leader Rejects Keynesian Economics, Acknowledges that Real Jobs Are Created by the Private Sector

You’re probably surprised by the title of this post. You may even be wondering if President Obama had an epiphany on the road to Greece? I don’t mean to burst your bubble, but the leader we’re talking about isn’t the President of the United States. Instead, we’re talking about the Prime Minister of Finland and […]

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The Perplexing Durability of Keynesian Economics

Keynesian economics is a failure. It didn’t work for Hoover and Roosevelt in the 1930s. It didn’t work for Japan in the 1990s. And it didn’t work for Bush or Obama in recent years. No matter where’s it’s been tried, it’s been a flop. So why, whenever there’s a downturn, do politicians resuscitate the idea […]

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