By: Andrew Moran The US is embroiled in another political theater of the absurd. This time it is the debt ceiling: Republicans are politely asking to enact spending reforms, Democrats are demanding to raise it, and former Labor Secretary Robert Reich is blaming everything on tax cuts. Like fellow Keynesian economist Paul Krugman, Reich is on […]
Austrian Economics
Sorry, Keynesians, Hurricane Ian will not be great for the economy
By: Andrew Moran When Hurricane Ian made landfall in Florida, pictures and videos flooded social media, highlighting the devastation as the storm destroyed businesses, damaged homes, and decimated public property. Unfortunately, like every other time a major storm wreaks havoc on a state, there will always be one person or group to champion the economic boom it […]
‘Other than that, Mrs. Lincoln, how was the play?’: Paul Krugman’s ‘Biden Boom’ falls flat again
Keynesian economist Paul Krugman is at it again. In a fresh New York Times blog post, Krugman discussed the “Biden Boom” in the labor market, writing that workers have never had it better, thanks to President Joe Biden’s policies. Here is what he wrote (emphasis ours): “President Biden has presided over a huge employment boom… […]
Inflation: State-Sponsored Terrorism
By: Jeff Deist Remember the quaint old days of 2019? We were told the US economy was in great shape. Inflation was low, jobs were plentiful, GDP was growing. And frankly, if covid had not come along, there is a pretty good chance Donald Trump would have been reelected. At an event in 2019, my […]
Big Meat to Big Oil, Joe Biden rejects market realities
By: Andrew Moran In the classic Lewis Carroll novel, Alice’s Adventures in Wonderland, the main character says, “If I had a world of my own, everything would be nonsense.” Who knew this would become the economic doctrine of the Democratic Party? President Joe Biden and his leftist comrades have embraced a unique perception of the broader […]