In his work A Critique of Interventionism, Ludwig von Mises concluded that an endless progression of interventions was the inevitable consequence of otherwise well-intentioned policy makers “In a private property order isolated intervention fails to achieve what its sponsors hoped
The progressive Keynesians don’t like the “conservative love affair” with Canada. In particular, they are pushing back against the people who are pointing to the Canadian government’s budget-slashing starting in the mid-1990s as an example of “fiscal austerity” that did
Mario Draghi, in one of his latest speeches, prodded governments to ease austerity to spur aggregate demand (an oxymoron). The IMF director, Christine Lagarde, recently urged the ECB to continue its easy monetary policy until aggregate demand picks up. U.S.
The worship of science is a peculiar feature of our age, especially given the incredibly broad and non-specific nature of the term, and the vast quantitative and qualitative differences in outcomes from various types of research within the scientific disciplines.
Reprinted from DetlevSchlichter.com What is Super Mario up to? First, he gave an unexpectedly dovish speech at the Jackson Hole conference, rather ungallantly upstaging the host, Ms Yellen, who was widely anticipated to be the most noteworthy speaker at the
Take a look at the breathtaking array of government policies designed to fix every conceivable problem citizens might encounter. Look at the laws governing labor unions, minimum wage laws, occupational licensure, unemployment insurance, stimulus spending; look at the endless efforts
In a recent Business Insider interview Paul Krugman showcased his uncanny ability to utterly mislead viewers on the state of economic science, without actually lying. Here’s a portion of the exchange (which I am typing from the verbal interview): JOE
The federal government’s 2013 decision to change some of the rules governing Employment Insurance (EI) has received considerable criticism from some provinces and unions among others. Unfortunately, most of it is wrong because it is based entirely on the mistaken