Kel Kelly @ May 31, 2009 # No Comment Yet
One of the tools Keynesians are most proud of is their so-called “multiplier,” which they seem to think is equivalent to magic. The idea is that new additional spending of money creates new incomes. Keynesians believe that the formation of any additional spending in the economy, that is in turn spent by its receivers and […]
Kel Kelly @ May 31, 2009 # No Comment Yet
South Korea’s economic bust has paralleled the bust of every other developed world economy, since all developed economies are intimately connected via the various world central banks’s coordinated monetary policies, and since their bubbles largely stem from our trade deficit. Yet South Korean officials have blamed and arrested an unemployed blogger for causing the decline […]
Kel Kelly @ May 31, 2009 # No Comment Yet
This article reveals how the French government is attempting to make Amazon.com’s free shipping illegal. Why would a government intervene in the voluntary trade between two private parties and prevent its citizens from receiving free services from a book seller that they obviously value? To protect local, independently-owned French book sellers, of course. Had French […]