Tag Archives: keynesian

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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The dangers that face our welfare state

By Arthur Middleton Hughes Federal disability — about $170 billion per year — is intended for those with medical conditions so severe they can’t work at any job. Today, so many people claim to fit that definition that 17.9 million … 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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Major Economic Schools of Thought

In the physical sciences, there is a large body of theory which has been widely accepted as correct. The disagreements are found only in very new concepts, like dark matter in space or global warming. Eventually these disputes are resolved … Continue reading

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