A response to Posen
bySean Corrigan sent me a link to a great article by Alen Mattich in the Wall Street Journal blogs section. He described it as…
Keynesianism
Is there a link between unemployment and economic growth?
byMost commentators are of the view that the key for US economic recovery is drastically lowering the number of unemployed Americans. Once more people…
Cable’s anger is misdirected
byVince Cable’s recent attack on capitalism has predictably and deservedly generated a lot of comment. His remarks might have gone unreported in previous years,…
Material Evidence: Greece has been the very essence of Keynesian folly
byThe latest Material Evidence from Sean Corrigan: What seems to escape every one of these fatuous macromancers is that, for years now, Greece has…
Thrifty families accused of prolonging the recession – Times Online
byVia Thrifty families accused of prolonging the recession – Times Online, yet more crass Keynesianism: Anxious families are repaying debts instead of spending in…
Why Budget Deficits are Bad for the Economy and Why Sir Samuel Brittan is Wrong
byToby Baxendale exposes flaws in the economic thinking of the left, indicates the dangers of deficit spending and points to a better way to…
FT.com – “Beware of errors in output gap data”
byEntrepreneur and economist Toby Baxendale responds to warnings over errors in output gap data by explaining that there is no output gap, only lost…