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Why a new recession is quite possible
By Arthur Middleton Hughes The US has been going through a severe recession since 2008. Unemployment by 2011 is at 9.2%. GDP growth is less than 1.5%. Millions of unemployed have stopped looking for work. The picture is bleak. To … Continue reading
Posted in Articles, Hot Articles
Tagged federal reserve, high order industries, interest rates, money supply, prices
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Why Keynesian Economics is a Disaster
Not only does the Keynesian system require arbitrary controls, but the particular form of inflation which Keynes recommended – the socialization of investment which he thought would facilitate the spending of income – means… the transfer of power to determine … Continue reading
Posted in Articles
Tagged accelerator, consumers, equilibrium, failure of demand, federal reserve, full employment, investment, Keynes, marginal propensity to consume, multiplier, on margin, panic, propensity to consume, public debt, public works, stabiizers, thrift, transfer payments
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