The title should be no surprise by now. Paul Krugman–arch-Keynesian–is once again misrepresenting what Austrian economics is. Krugman thinks the recent financial crisis can test (and prove) the superiority of Keynes prescriptions for an ailing economy.
Before we delve into the specifics, consider the alternatives Krugman proposes: classical economics (he considers Austrian among them) and…
Archive | June, 2012
Krugman does not understand Austrian Economics
Fox News: Inconsistent on Obama’s Economics
The television in my household is often tuned into Fox News (almost never by my choosing). Through the various programs (especially The Five), I overhear constant complaints about President Obama’s handling of the economy. More often than not, I find the talking heads to be demonstrating flawed, inconsistent thinking in their complaints that are not…
Why we need financial markets
“My true adversary in this battle,” he said “has no name, no face, no party… it is the world of finance.”
Thus spoke new French President Francois Hollande while campaigning last month. Despite the seeming backwardness of such sentiments, it is no secret that many people actually do feel a degree of animosity toward the…
Introducing Liberty Classroom!
With the introduction of Tom Woods’ Liberty Classroom, you now have the opportunity to learn the history and economics that you never learned in school.
Since the “intellectual battle for the free society is on,” Liberty Classroom‘s “goal is to equip as many ambassadors for liberty as possible with the knowledge that they need to…
Sources (and Distortions) of Government Revenue
After my post on The Truth About Austerity and hearing some great feedback from Peter in the comments, I deemed it necessary to dedicate a post to explaining the basics of public finance. We at Hans try to make basic economics accessible to all readers, so I will aim to keep it simple and limit…
Banks: The Student-Borrower’s Best Friend!
I made a statement in a recent op-ed published at Values and Capitalism that banks do student-borrowers a favor by allowing them to use money in the present pay it back in the future. Considering the nature of some of the feedback I received, I think it is worth exploring in more detail why this…
-
Reality TV Inventor Loses Big to ‘Buy American’ Fallacy
-
Unlearning Economics
-
MIT Economist, Former IMF Chief Engages Ron Paul on Banking and Makes an Interventionist Mistake
-
The Monopoly Bogeyman
-
How My Naïve Perception of the Economics Profession Eventually Changed
-
Tenets of Economic Faith
-
Economics as Religion: The Paradox of Self-Interest
-
Waging War on Work
-
The Dark Side of Monetary Inflation
-
In Praise of Speculators
-
Chris A: With due respect Nicholas, I think is has zero int...
-
Nicholas Freiling: Chris, What effect do you think economic inter-...
-
-
-
David: Doesn't the Fed increase the money supply by purc...
Twitter
Follow @HansEcon on Twitter