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  • Fiscal Stimulus

    Sorry, Janet Yellen, We Can’t Spend Our Way to Prosperity

    In spite of aggressive expansionary Federal Reserve policies and several rounds of fiscal stimulus since 2007, the U.S. economy has yet to take off. Nonetheless, some officials are refusing to give up and even explaining to the public exactly how these Keynesian stimulus policies will (eventually) work. In a Time … More

    CNN "Fact-Checks" Opinions

    During the Republican debate Monday night in Tampa, Florida, Governor Rick Perry (R–TX) said that President Obama’s $800 billion stimulus created zero jobs. CNN “fact-checked” this statement and determined it was false. To review, in 2009 just before the stimulus was enacted, the unemployment rate stood at 7.5 percent. Today—two years … More

    A Fifth Keynesian 'Stimulus'?

    The concept of a Keynesian stimulus never seems to tire among politicians eager to grow the economy artificially by spending other people’s money. Recently, Obama’s Secretary of Agriculture Tom Vilsack encouraged expanding SNAP, the Supplemental Nutritional Assistance Program aimed to help the poor, as a way to stimulate the economy. … More

    Continual Keynesian Collapse

    The Keynesian policy of trying to increase total i.e. “aggregate” demand – either by having government spend, or by cutting taxes just to leave more money in people’s pockets in hopes that they’ll spend – to revive the economy, never works. The latest installment of Keynesian failure is the payroll … More