The missing data in Krugman's German austerity narrative
Following Krugman's own advice, I didn't just repeat what I've heard. I dug into the data to find the truth about German spending. You'll be shocked to learn that Krugman was wrong
- 28 February 2014
Another example of the failure of Keynesian economics
Simply stated, you don’t get more growth by expanding the size and scope of government. When will that finally sink in?
- 1 February 2014
Living in the Age of Keynes
Since 2008 we are supposed to have seen ‘The Return of the Master’. In truth he never went away. We’ve been living in the Age of Keynes for decades
- 18 June 2013
Let’s hope for heavy casualties on both sides in the war between the IMF and European Commission
Henry Kissinger, commenting on the Iran-Iraq war, said something to the effect that, “Too bad both sides can’t lose.” I have the same attitude about the fiscal fight in Europe
- 11 June 2013
John Maynard Keynes, in the long run
John Maynaed Keynes would have been 120 on Wednesday - and still wrong
- 3 June 2013
Krugton the Invincible?
One side of the economic debate can declare victory and spike the football, but it’s not Paul Krugman and the Keynesians
- 2 May 2013
Krugman, Japan and the definition of insanity
The belief in Keynesian stimulus spending is the perfect example of Albert Einstein's definition of insanity
- 21 January 2013
Deck the Halls with Macro Follies
Merry Christmas one and all, from Keynes and co. (via econstories.tv)
- 13 December 2012
Why do smart people still choose Keynes over Hayek?
Looking back over the last few years you have to ask how intelligent people, examining the evidence, can still choose Keynes over Hayek
- 4 December 2012
Augustinian economics: Balanced budgets, but not yet
While rocketing debt and low interest rates need to be dealt with, the time is never quite right to cut spending or let interest rates rise. This is the Augustinian creed
- 16 October 2012
Bernanke stuck in a bunker
Increasingly Bernanke resembles a golfer with one club. He’s stuck in a bunker and all he has is a driver
- 18 September 2012
There is no third way
Conservatives must embrace true free market capitalism and reject the cronyism of the state
- 10 August 2012
Barack Brewster's Millions
Do Americans want their economy run by Monty Brewster or the Ghostbusters? That will be the question this November
- 16 July 2012
There is zero evidence that cutting spending increases deficits
We can argue about how quickly we want to close the deficit. We can argue about what leads to economic growth. But can we please stop making silly claims that borrowing can be self-financing?
- 5 July 2012
Time for an economic Nuremberg for the last Labour government
We will be discovering fiscal turds left by the last Labour government for literally decades to come. Isn't it time for that wretched lot to face a reckoning?
- 3 July 2012
Latest on the blog
We are wholly dependent on the kindness of our readers for our continued work. We thank you in advance for any support you can offer.