Austrians vs. Keynesians: A Case Study
The Keynesian model and the Austrian economic philosophy continue to lock horns. Similar ideas have gone toe to toe for three centuries now trying to explain the business cycle. Thomas Malthus and Jean-Baptiste Say made their case in the 19th century,… Continue reading
Who Is Your Least Favorite Economist?
At the behest of a reader I have formulated a new poll — a compliment to our last poll which tried to determine the favorite economist of Swift Economics followers (or should I refer to you as Clones like Jim… Continue reading
Who Is Your Favorite Economist?
Economists are famous for being wrong. As they say, economists have forecasted nine out of the last five recessions. Some, however, are more lucid than others. Many of us continue to seek out voices that illuminate rather then conceal the… Continue reading
The Liberal Laffer Curve
Inspired by a recent piece from Investors.com, and an original tweet from @clasicaliberal, I bring you the liberal Laffer Curve.
According to the likes of Paul Krugman and President Obama, we need more deficit spending. The stimulus will create… Continue reading
The Broken Window Fallacy Illustrated
I found this great illustration of the “broken window fallacy” that Frederic Bastiat came up with in the 19th century. I also enjoy anything that makes fun of Paul Krugman. If you would like to see it without the over-the-top… Continue reading
Paul Krugman Recommends the United States Borrow, Inflate, Default and Steal
Time to Just Get it Over With?
Readers of SwiftEconomics know I’ve been just an incy wincy bit critical of Paul Krugman (see here, here, here and here), but I guess I kind of agree with a… Continue reading
Did World War II Get Us Out of the Depression? Paul Krugman Thinks So. I Don’t.
Dig hole... Fill hole back in... Become Rich!
Paul Krugman is back spouting more nonsense than ever. It’s not on par with his most epic screw up; when in 2002 he recommended “Alan Greenspan needs to create a housing bubble… Continue reading
Why Paul Krugman Doesn’t Work: Part N+1
Somehow I missed Paul Krugman’s epic sequel to why libertarianism doesn’t work. The first time around he explained that a non-libertarian politician putting a non-libertarian cap on tort liability for oil spills proves libertarianism is infeasible in the real… Continue reading
Why Paul Krugman Doesn’t Work: Part N
It's certainly quite strange that Krugman would pick the extremely un-libertarian policy of a government cap on tort liability (a regulation) to take a shot at libertarianism. After all, it's the exact opposite of what Milton Friedman would have supported. Continue reading
Paul Krugman: Public Plan will Kill Private Insurance
Paul Krugman lets us all know that the so called "public option" is a bridge to single-payer. Well, thanks for the honesty Paul: Continue reading
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