Posts Tagged ‘John Maynard Keynes’

World War II Did Not End the Great Depression: Lessons for Today


Friday September 9th, 2011   •   Posted by David Theroux at 5:58pm PDT   •   3 Comments

In a very timely new article in The Weekly Standard, “The Ultimate Stimulus? World War Two and Economic Growth,” Arthur Herman refutes the Keynesian economics myth that Big Government spending during World War II ended the Great Depression. In so doing, he bases his analysis on the path-breaking work of Independent Institute Senior Fellow…
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Why the U.S. Spending Stimulus Has Failed


Sunday December 5th, 2010   •   Posted by David Theroux at 1:54pm PST   •   1 Comment

In a new article in the Wall Street Journal, “Why the Spending Stimulus Failed: New economic research shows why lower tax rates do far more to spur growth,” Stanford University economist Michael Boskin examines how and why the U.S.’s $814 billion economic stimulus has failed. For many years now, Independent Institute Senior Fellow Robert…
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What Would a State Financial Crisis Look Like?


Wednesday November 3rd, 2010   •   Posted by Emily Skarbek at 11:15pm PDT   •   3 Comments

The Economist provides an interesting video of Robert Rubin, among a panel of finance and economics experts, participating in a simulation of what a US State financial default might look like. HT: Jeff Hummel

Do We Need Another Stimulus? Tax-and-spend Has Never Worked


Wednesday September 15th, 2010   •   Posted by William Shughart at 5:03am PDT   •   1 Comment

During the Great Depression, economist John Maynard Keynes recommended increasing federal government spending, financed by borrowing, to boost the U.S. economy. It didn�t matter how the new money was spent. If no better use could be found, Keynes suggested building pyramids. Keynes� theory that increased public spending would offset declines in consumer and business…
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Can Capitalism Be Restored?


Sunday September 5th, 2010   •   Posted by Robert Higgs at 11:38pm PDT   •   0 Comments

I pose this question seriously, not as a physiologist, but as an economic historian. I am provoked to raise the question by an advertisement that Amazon sent me recently, calling my attention a book titled Can Capitalism Survive? Creative Destruction and the Future of the Global Economy. Seeing this sales pitch, my immediate reaction…
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