Economics is burning. That’s good news.
Too bad about all the damage to America caused by bad public policy based on flawed economic theories.
robert skidelsky
The limits and flaws in our economics
Here is a great look at the problems and limits of today’s economic theory – which runs America.
Keynes comments on our new-found love of austerity
Summary: We’re living in an time of deja vu. Our Af-Pak War repeats the mistakes of Vietnam; Europe’s economic policy repeats mistakes of the 1930’s. Slow and stupid are the two sins God always punishes. (1) Mark Thoma (Prof economics, U Oregon) coined a term for the advocates of austerity now (i.e., increase savings during a recession; they …
Keynes comments on our new-found love of austerity Read More »