Tag Archives: Keynesians

How wealth is created

We are the lucky heirs of our fathers and forefathers whose saving has accumulated the capital goods with the aid of which we are working today.  We favorite children of the age of electricity still derive advantage from the original … Continue reading

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Why the Obama Stimulus Law Failed

In February of 2009, President Obama signed the American Recovery and Reinvestment Act (ARRA) which totaled $789 billion in increased government spending. President Obama reassured anxious Americans that this spending would “revive our economy” and “create 3.5 million jobs” over … Continue reading

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