1 of 1712345678910...Last »

Tag Archives: Keynesianism

Progressives, supporters of American corporatism?

Veroniqe de Rugy in the attached article observes that progressives, for the most part are not enemies of corporatism. In fact to a large degree they are enablers of corporatism. With the expansion of the state comes the expansion of corporate power. And “progressives” it seems are always for expanding the state. As noted in a recent post it is terribly frustrating that progressives don’t see what they are doing. If they do they have no business saying they stand for anything like “progress.”

With each new government endeavor, with each new effort at social engineering, there is a new source of revenue for somebody. Sometimes it’s the corporations. Sometimes it’s the unions, Sometimes it’s players within the government itself. Sometimes it’s interest groups of other sorts. The aggregation of taxpayer dollars is like carrion on the plain, the jackals will always come.

In many respects I consider modern American “progressives” to be similar to progressives of another place and era, think Italy pre-World War 2. I dare say that many of the scarf and tattoo sleeve set would have happily fallen in line behind that pioneer of crony capitalism, Mussolini.

Read More

Champion of the market Tyler Cowen praises Keynes?

Tyler Cowen is considered one of the most influential market oriented economists in the world. He heads the increasingly important Mercatus Center at George Mason University just outside of Washington DC and his website A Marginal Revolution is widely read. I once heard him speak at a Students for Liberty conference where he was warmly received by 250 fire breathing young activists. Cowen has serious free market credibility. That’s why it is frustrating to see Dr.Cowen heaping praise on perhaps the most destructive economist to tread terra firma, JM Keynes.

Read More

Peter Thiel: We are in a government bubble of massive size (Video)

I mean sure, but what does “massive” really mean? He could have said “super-duper colossal” bubble and that would have been way worse right? It’s not until we’re in super-duper bubble territory that we need to worry? Right?

Um, right?

Gee, where’d everybody go? I have some stocks and bonds I need to sell.

Read More

The (all too) Sane Case for Auditing the Fed

By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. The CIA and other intelligence operations are under control of the Congress. They are accountable: a Congressional committee supervises these operations, controls their budgets, and is informed of their covert activities. It is true that the committee hearings and activities are closed to the public; but at least the people’s representatives in Congress insure some accountability for these secret agencies.

It is little known, however, that there is a federal agency that tops the others in secrecy by a country mile. The Federal Reserve System is accountable to no one; it has no budget; it is subject to no audit; and no Congressional committee knows of, or can truly supervise, its operations. The Federal Reserve, virtually in total control of the nation’s vital monetary system, is accountable to nobody – and this strange situation, if acknowledged at all, is invariably trumpeted as a virtue. – Murray Rothbard from (the original) Case Against the Federal Reserve

Read More

1 of 1712345678910...Last »