To the Great Depression and the Great Recession, we can now add coronavirus stimulus spending as examples of John Maynard Keynes’s philosophy.
Everything We Need to Know About Global Economic Risk
Concerned with a shift away from traditional multilateral institutions and free trade, the World Economic Forum identifies our global economic risk.
Why It’s Tough to Make Stock Market Predictions
The long term increase of the S&P 500 and the Dow Industrials misleadingly entices investors to believe that it’s easy to make stock market predictions.
The Surprising Lessons From Economic Crises
For all economic crises, some economists tell us, “This time it’s different,” while others disagree with their new solutions.
How We Primed the Pump
When President Trump refers to priming the pump, we can think of the Great Depression, the Great Recession and deficit spending that can fuel the economy.
John Maynard Keynes and the Generational Impact of Entitlements
Before seeing how we are benefiting unequally from entitlement programs like Social Security and Medicare, let’s start with some history. During 1934, with unemployment high and production low, British economist John Maynard Keynes was reported to have crumpled up a pile of…
Connecting Abigail Adams to Janet Yellen
Reading about “touch generations” in Sam Arbesman’s Wired Magazine blog, I realized that Abigail Adams and Janet Yellen were connected. Different generations touch when one’s birth year coincides with someone else’s death. Born in 1744, Abigail Adams died in 1818, the year that Karl Marx was…