What Would John Maynard Keynes Have Said About Stimulus Spending?

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.

Where the Federal Deficit Can Fool Us

At $1 trillion, the ballooning U.S. deficit can be understood as a number, as a proportion of the budget, and the reason we owe China so much money.

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.

Weekly Roundup: From Raisins to BBQ

Our everyday economics includes property rights, sovereign debt, default,, externalities, regulation, Pigovian taxes, incentive, state taxes, and oligopoly.

Is the Raisin Reserve “Unraisonable”?

The Supreme Court is deciding if the USDA can affect raisin grower property rights though a raisin reserve that mandates crop surrender to prop up price.

Our Weekly Roundup: From Traffic Lights to Sneakers, Everyday Economics Explained by 5 Great Economists

Our Econlife roundup for the week 7.14.14 An island without traffic lights displays the benefits of Adam Smith’s laissez-faire…more   7.15.14 Why David Ricardo would approve of where your sneakers were made…more   7.16.14 John Maynard Keynes could say why you’ll get less Social…

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…