Commentary Interventionists always blame inflation on everything and anything except the only thing that makes aggregate prices rise: issuing more units of currency than the real demand. Seller inflation is the same excuse and fallacy as cost-push inflation. A way to confuse citizens and assign causation to something that cannot make aggregate prices rise. Let…
Why Keynesian Economics Is Destined To Fail
April 19, 2022
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Commentary My colleague, Doug Kass, penned an interesting note suggesting “Keynesian Economics” will fail. To wit: “At the core of the Keynesian theory is that the coordinated monetary and fiscal policies can stabilize economic output, inflation, and unemployment over the business cycle. As noted above, there are exogenous forces at work in this cycle which…
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