Liberty
No need to fear the ‘AI reaper’
Rich Lowry writes for the New York Post about concerns surrounding the growing reliance on artificial intelligence. ChatGPT is coming for your job. That’s the fear about the rapid advances…
John Maynard Keynes
British economist (1883–1946)
Freedom Focus
Budget, Taxation & Economy
Inflation Is a Tax Nobody Voted For
Inflation is a deeply regressive tax, impacting all Americans, especially low-income households. While we’re all paying the tax, none of us were allowed to vote on it. Bureaucrats being empowered…
Research Brief
Budget, Taxation & Economy
Tame spending now or be forced to cut it later
As Milton Friedman often remarked, the bill always comes due. Today’s spending must be paid by taxes, regardless whether those taxes were collected in the past, are collected this year,…
Research Brief
Budget, Taxation & Economy
Christmas Spending Boosts the Economy: Another Keynesian Myth
Editor’s Note: This will be the final research brief for 2019. On behalf of the John Locke Foundation’s Research Division, I want to thank you for reading our work and…
Budget, Taxation & Economy
Learning lessons from nations that rejected socialism
Lee Edwards writes for National Review Online about nations that tried socialism and found it wanting. Socialists are fond of saying that socialism has never failed because it has never…
Budget, Taxation & Economy
The economy and bad news for Democrats in 2020
Charlie Kirk explains at FoxNews.com why recent economic news bodes ill for President Trump’s foes. [I]n President Donald Trump’s economy, I am pleased to report that Keynes’ animal spirits are…
Budget, Taxation & Economy
You can’t get skinny by tightening your belt
Peter Boettke discussed who should have the authority for different public functions in his address as president of the Southern Economic Association and in this week’s episode of EconTalk. It’s…
Budget, Taxation & Economy
Bad news linked to deficits during boom times
Randall Forsyth of Barron’s argues that building budget deficits during an economic expansion spells trouble. Washington has enacted tax cuts and spending increases that are likely to push the federal…
Budget, Taxation & Economy
Writing at mises.org, Roy Cordato Explains Gov’t Stimulus is the Real Trickle-Down Economics
“Trickle-down economics” is used frequently by critics of supply-side economic policies. But JLF’s Roy Cordato points out that, contrary to conventional wisdom, it is those who believe money should flow…
Research Brief
Budget, Taxation & Economy
Keynesianism: The Real Trickle-Down Economics
In the media and among pundits, the term “trickle-down economics” is used a lot. The expression was reportedly first used in the 1930s by Will Rogers and was later adopted…
Liberty
More Main Street than Wall Street
David Smick writes at National Review Online about a necessary shift in economic priorities. People simply are holding back. Indeed, the lesson since 2008 is that record-low interest rates mean…
Research Brief
Budget, Taxation & Economy
Trump vs. Hillary: A Race To The Keynesian Bottom
John Maynard Keynes was the most influential economist of the 20th Century. His view, and the view of his followers, i.e., Keynesians — that recessions could be overcome and economies…