The Keynesian Cure for Hunger: Eat More

Only production creates effective demand, and only after what was produced is sold can other goods be purchased and consumed. What changed England was not increased consumption but increased production, production that made increased consumption possible. And, yes, that increased production was due in large part to the entrepreneurial employment of the steam engine and […]

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Uncertainty?

In a recent interview of several CEOs by the Wall Street Journal, investment firm CEO Robert Reynolds addressed the effect uncertainty has on jobs. He mentioned how Washington’s turbulence on issues like the government shutdown, government debt, and the new healthcare laws would cut down on hiring because of the uncertain picture they paint of […]

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