At his Calafia Beach Pundit blog, Scott Grannis recently posted a pretty devastating critique of Keynesian economic theory and the abject failure of Keynesian fiscal stimulus in the period following ...

Keynesian economics is the perpetual motion machine of the left. You build a model that assumes government spending is good for the economy and you assume that there are zero costs when the government ...

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Keynesian economics is a macroeconomic theory that advocates for active government intervention to manage economic cycles, particularly during recessions and depressions. Developed by British ...

Great crises have a way of reminding us that acting as though we know perfectly well what the future holds almost always leads to disaster. That’s especially true in economics, which tends to ...

A recent post from Daniel Lacalle, “How Keynesians Got The US Economy Wrong Again,” exposed the widening gap between John Maynard Keynes’ economic theory and reality. Despite the confident forecasts ...

Or we could run the headline as "Japan is about to prove Keynesian economics entirely correct". For we've that wonderful thing going on, that extreme rarity in economics, a natural experiment. One ...

In the first two parts of this series, we identified fundamental economic weaknesses that running a Keynesian based economy have brought us. So the next question is figuring out when the critical ...

Should the United States adopt an amendment to the Constitution requiring a balanced budget? Keynesian economists say no. They believe that Congress needs the discretion to be able to run deficits in ...

Some 63 years after his death, British economist John Maynard Keynes is enjoying a resurgence of popularity. Keynes' theories were considered radical in their time, but are now at the heart of the ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...