Currently viewing the tag: "Keynesian macroeconomics"
Ron Paul vs. Paul Krugman debate

How to debate Paul Krugman

On May 1, 2012 By

Paul Krugman is the high priest of Keynesianism and modern interventionism, of economic improvement through inflation and budget deficits. As such he is bête noir among us libertarians and Austrian School economists. What makes him so annoying is his unquestioning, reflexive and almost childlike enthusiasm for state intervention, even in the face of its obvious [...]

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Picture of Christina Romer

Christina’s toxic cookbook

On November 7, 2011 By

 Keynesian and other mainstream economists cannot explain the present crisis. That doesn’t seem to bother them. All they can offer is a description of symptoms, such as with their favourite phrase of lack of ‘aggregate demand’, which, if you think about it, doesn’t really explain anything. How come demand dropped? Why did it drop now [...]

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