If the supply of oil goes up, the price of oil and gasoline falls. If the supply of oranges goes up, the price of oranges and orange juice goes down.…
“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…
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…
Keynesians and statists (who might or might not have any familiarity with Keynes and his theories) often say that the reason why the economy has not been robust for years…
A question-and-answer session with Alan Greenspan in the latest TIME magazine includes the following interesting exchange. Is your book suggesting that the way out of the economic malaise is to…
It doesn’t take a Paul Krugman to know when Paul Krugman is mistaken. One item in which Krugman has been mistaken [edited to add: but not always!] is the link…
A study was released on Monday stating that 76% of Americans are living paycheck-to-paycheck. This reminded me of when I worked as a teller at a bank. To my surprise,…
Sheldon Richman explains here why the argument that the way to get America out of the economic doldrums is for the federal government to spend more and more until the…
Man understood that elementary fact of nature from the beginning of time until the dawn of Keynesian economic theory, when experts declared that consumption was actually the “engine” that “drives…
Writing in the latest Forbes magazine, RealClearMarkets.com editor John Tamny contends “economic growth is easy.” The full article is not yet posted online, but you’ll get the sense of Tamny’s…
That prospect has the bigwigs in the Party concerned, according to this New York Post story. But there is an easy solution — one that would solve their problem and…
Saturday’s Wall Street Journal ran the excerpt below from Professor Robert Higgs’ new book Delusions of Power. It’s as clear a refutation as you’ll ever find of the essential error…