The myth of austerity
byMany politicians and commentators such as Paul Krugman claim that Europe’s problem is austerity, i.e., there is insufficient government spending. The common argument goes like this: Due to…
Paul Krugman
America: A threat to liberty?
by“Politics, as hopeful men practice it in the world, consists mainly of the delusion that a change in form is a change in substance,”…
It’s a bird, it’s a plane, it’s … Congressman!
byAmericans just cast ballots for president, for the House, and for a third of the U.S. Senate, plus various local offices and referenda in…
Why Krugman’s view on MMMF is completely wrong
byIn a recent Mises Daily article Mark Thornton has offered an excellent critique of why Krugman’s attack on the Austrian view of money market…
Frenzied spending caused a feeble recovery
byA view from America … Would you happily sign an IOU for $126,000 to allow Barack Obama to keep his Big Spender status going?…
Europe’s voters say ‘No’ to economic reality
by“Europe fights back against austerity” was how The Daily Telegraph headlined its weekend election coverage. Anti-austerity movements are gathering pace across Europe following political…
From nuts to Paul Krugman
byAn excellent article from Amity Shlaes: Nut cases. That’s what they are. And if you take an interest in them, you are a nut…
The invisible red line
byIN THE BLUE CORNER… * Professor Paul Krugman belongs to a rather elite group of economists: those who have received the Nobel memorial prize….
How to debate Paul Krugman
byPaul Krugman is the high priest of Keynesianism and modern interventionism, of economic improvement through inflation and budget deficits. As such he is bête…
Keynesian vs Austrian debate hotting up
byLast week, an Austrian-School economist, Robert Wenzel, gave a speech to the New York Federal Reserve, and separately Bloomberg hosted a television debate between…