The Keynesian ant heap
byIn a recent op-ed in the Globe & Mail, Davos Man’s indefatigable mouthpiece for failed, mainstream thinking, Martin Wolf, passed the following verdict on…
Keynesianism
Reasons to support sound money
by Alasdair MacleodSpeech to the Committee for Monetary Research and Education At the Fall Meeting, 20th October 2011. Before addressing the consequences of today’s macro-economic policies…
We love Terry Smith!
by Toby BaxendaleA great letter to the editor of the FT from Terry Smith: Sir, I refer to the debate being conducted in the pages of…
Science fiction got there before Krugman
by Robert ThorpeRecently, Paul Krugman claimed that the threat of an invasion by space aliens could bring the US economy out of recession in eighteen months….
Hayek vs Keynes at the LSE
by John PhelanJuly 26th saw one of the most eagerly anticipated economic events of recent years. At the London School of Economics (former employer of Friedrich…
Riots and earthquakes are good for business
by John PhelanSeveral thoughts pirouetted across my mind as I watched the coverage of Saturday’s protest and riots. I wondered why anti-capitalists were wearing clothing with…
The Great Wave
by Sean CorriganRather than pretending to a level of insight into the scale of Japan’s problems which neither we nor anyone else truly possesses at this…
Niall Ferguson on Keynesianism
by Mark GoodhandSteve Baker’s researcher, Tim Hewish, found an interesting CNN interview with Niall Ferguson on the US approach to the economic crisis: … the way…
Does the “fallacy of composition” apply to the banking sector?
by Antonio PancorboThe fallacy of composition misleads you into thinking that you can infer the property of the whole by the property you can observe in…
Unreconstructed Keynesianism is alive and well
by Prof Kevin DowdIn a recent video interview in the Daily Telegraph (October 7, 2010), Keynes’s biographer, the noted historian Professor Lord Skidelsky, gives us the benefits…