Home / Keynesianism

A Letter to David Stockman

Written by Gary North on March 14, 2015

david-stockman

Dear David: I want to let you know just how glad I am I’m not in your shoes. Responsibility goes with the territory. You oversee a lot of territory. You obviously have a lot of spare time on your hands, and so you have started a website. It gets a lot of traffic. The site […]

Continue reading →

Americans Don’t Trust Washington

Written by Gary North on March 12, 2015

don't-trust-washington

Americans still think the federal government can and should solve problems. This is their default mode. At the same time, they do not think Washington is competent. This is what is sometimes called cognitive dissonance. Lack of trust is across the boards: in the presidency, Congress, and the Supreme Court. Here are the latest findings. […]

Continue reading →

Undermining John Maynard Keynes

Written by Gary North on February 19, 2015

john-keynes

I have been writing recently about my proposed Keynes project. I have pointed out that no young economist has taken the bait. Nobody wants to devote a lifetime to refute the central economist of the 20th century. Murray Rothbard would have done a devastating job on Keynes, but he died before he got to the […]

Continue reading →

How to Deal With Leftist Bishops

Written by Gary North on February 19, 2015

john-rockefeller

In the United States, the Federal Council of Churches began in 1908. About 5% of the budget was paid for by John D. Rockefeller, Sr. Rockefeller was a major promoter of the social gospel, as was his son. Social gospel economics hit the Roman Catholic Church only after the death of Pope Pius XII. But […]

Continue reading →

The Middle Class Is Slowly Shrinking

Written by Gary North on February 9, 2015

middle-class

News from Pew Research. The share of adults who live in middle-income households has eroded over time, from 61% in 1970 to 51% in 2013. Although the share is unchanged in recent years – it was the same in 2010 – the erosion over the last four decades has been sure and steady, through economic […]

Continue reading →

A Rising Dollar Terrifies Keynesians

Written by Gary North on January 28, 2015

janet-yellen

The headline in the Financial Times blares this message: Strong dollar weighs on US results. Keynesians love soft dollars. They love price inflation. They love a boom caused by central bank inflation. The Federal Reserve stopped QE3 last year. It is no longer buying U.S. government debt, Fannie Mae debt, Freddy Mac debt, or anything […]

Continue reading →

The Fable of the Bees Revised

Written by Gary North on January 13, 2015

The most influential poem in history is Bernard Mandeville’s “The Grumbling Hive; or Knaves Turned Honest” (1705). It challenged Western moral philosophy, Christian theology, and common sense. It changed the thinking of Western social theorists. Through Adam Smith, it changed the economic world. Yet it was not a good poem. This gives me hope. You […]

Continue reading →

Keynesianism + Central Bank Counterfeiting + Aging = Stagnation

Posted on December 26, 2014

Japanese drew down savings for the first time on record while wages adjusted for inflation dropped the most in almost five years, highlighting challenges for Prime Minister Shinzo Abe as he tries to revive the world’s third-largest economy. The savings rate in the year through March was minus 1.3 percent, the first negative reading in […]

Continue reading →
Page 1 of 13123456»10...Last »