Tag Archives: animal spirits

How to solve the unemployment problem in America

There are two theories for solving our current unemployment problem:  Free Market (Austrian) Macroeconomic (Keynesian) One works, the other doesn’t.     The first concentrates on the problem:  Employers are not hiring.     The second concentrates on the symptom: People are … Continue reading

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How Keynesian Economists Understand the Wealth Creation Process

The followers of economist John Maynard Keynes teach that national prosperity comes from spending: consumer spending and government spending (plus business spending on investment, and net exports). Saving, in their view, reduces the Gross National Product, because it reduces consumption … Continue reading

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