Tag Archives | business cycle

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Keynesianism is Against the Law, Say’s Law

As the recession continues, economists like Laura D’Andrea Tyson, the Chair of the Council of Economic Advisors under President Clinton, advocates spending as the pathway out of our economic banana. In her latest post on the New York Times economics blog, Tyson tells us that in order for the economy to recover we need an…
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Follow-up on Slate

Krlatham’s piece on this Slate article is excellent, and exposes most of the strawmen and mischaracterizations in Yglesias’ article.  However, the article was so badly misinformed it deserves a few follow-up comments. “He was referring to so-called “Austrian economics,” an idiosyncratic passion of his and a set of beliefs that put him at odds with…
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