Keynesians, that is. You cannot fix the economy with a top-down approach, because wealth cannot be generated by the state. They can’t figure it out, and it is hilarious albeit unnerving that the ideology would persist. Why is the economic response to increased government spending so different from the response predicted by Keynesian models? What…
DetailsCan Congress make gravity illegal? Of course not, though they might try. No more than they could change other laws that occur as a result of nature, such as prices:
That sure doesn’t stop them from trying, eh?
Sheldon Richman gives a glimpse of why Wall Street could not have done it alone (yes, merely a glimpse): Wall Street couldn’t have done it alone. It takes a government and/or its central bank, the Federal Reserve System, to: Create barriers to entry for the purpose of sheltering existing banks from competition and radical innovation,…
Details[Note: LOTS of video time here. I won’t post tomorrow other than Sunday Song to give you a chance to get through it all…] A law pending in the federal legislature threatens to destroy the internet as we know it, for its overbreadth in seeking to prevent copyright infringement. You know that “Great Firewall of…
DetailsThe One is now our sorcerer king, issuing three executive orders of economic nonsense in magnitude rarely seen by the most ignorant of politicians with just a swing of his magical wand that will not only not work but make our problems worse improve society greatly, in a way that only a legislature is supposed…
DetailsRand Paul giving Geithner something to cry (or at least blush and deflate) about: