Economic Growth Comes from Consumer Saving, Not Spending
The Federal Reserve’s inflationary monetary policy perversely incentivizes consumer spending when what the economy needs for real growth is consumer saving.
Archive
Housing Bubble
Why Robert J. Shiller Is Wrong about the Fed’s Role in Housing Bubble 2.0
Yes, the Fed has increased interest rates; but, no, that doesn't mean the Fed hasn't caused another unsustainable housing bubble.
Does Fed Inflation Cause Economic Growth? (Don’t Ask Paul Krugman.)
Paul Krugman argues that Fed's monetary inflation is the cause of economic growth and hasn't caused significant price inflation. Here's why he's wrong.
The Deflation Bogeyman
We're supposed to be afraid of our cost of living going down? Having the purchasing power of our dollars robbed is supposed to be good for us?
Government Spending Won’t Fix the Economy!
Paul Krugman argues that what is needed to grow the economy is more government spending, but his fallacies are glaring.
Paul Krugman Is Crazy About Money Printing
Paul Krugman is a true believer in printing money to solve economic problems caused by printing money.
My Effort to Penetrate the Skull of an Anti-Free Marketer
Watch what happens when I challenged this guy's anti-free-market dogma.
The 2008 Economic Collapse Was Caused by Tax Cuts…?
Paul Krugman knows that the Bush tax cuts didn't cause the economic collapse, but places the blame there anyway.
Paul Krugman Can’t Argue Against Ron Paul, So Attacks Him Instead
Paul Krugman has a very good reason why he doesn't want you to listen to anything Ron Paul has to say about Fed policy and the economy.
Tom Woods and I Discuss Ron Paul vs. Paul Krugman on the Housing Bubble
I was on the Tom Woods radio show this week to discuss my book Ron Paul vs. Paul Krugman: Austrian vs. Keynesian Economics in the Financial Crisis.
Why I Can’t Write a ‘Neutral’ Article on Keynesian Economics
I was honored by being asked to contribute an essay on Keynesian economics for a student reference textbook; trouble was it was required to be "neutral".
Blaming the Free Market for the Consequences of Gov’t Intervention
Paul Krugman blames the free market for problems in the economy and health care he knows are actually caused by government intervention in the market.
Krugman Will Never Admit Advocating a Housing Bubble Was Wrong
And, yes, Krugman really did advocate that the Fed inflate to replace the dot-com bubble with a housing bubble, all vain attempts to deny this notwithstanding.
Paul Krugman’s Insane Solution for Recessions
Krugman's prescribed solution to the problem is to do even more of what caused the problem in the first place.
When Someone Denies Paul Krugman Called for a Housing Bubble, They Are Either a Fool or a Liar
Paul Krugman describes it as a "canard" and Dean Baker accuses anyone who points it out of being "either a fool or a liar", but the truth is that, yes, Krugman did in fact call for the Fed to create a housing bubble in 2002. The best Dean Baker can do is to quote Krugman doing so, but then deny that he actually meant it by asserting that Krugman was being "sarcastic", adding "So let's cut the crap." Yes, let's cut the crap, indeed. All we have to do to see that Krugman did in fact mean it is to look at the quote Baker refers to in its context.
Why Paul Krugman Doesn’t Understand Bubbles
Under the ironically-titled post "Potential Misunderstandings", Paul Krugman profoundly illustrates why he doesn't understand bubbles.
Paul Krugman’s Intellectual Dishonesty: Wealth Inequality
In his New York Times column earlier this week, Paul Krugman tried to make a case for increasing government spending in order to combat wealth inequality (i.e., wealth redistribution), but some of the premises upon which he constructed his argument illustrate his deep intellectual dishonesty.
Noam Chomsky on the Federal Reserve
I have an enormous amount of respect for Noam Chomsky. His analyses of U.S. foreign policy are brilliant, and he has been a huge influence on my own work. But over the years, there are two topics on which I have found him extremely disappointing. One is his unquestioning acceptance of the government's official account of 9/11, and the other is his take on the Federal Reserve.
One ‘Good Reason’ to Sign Up for Obamacare: ‘It’s the Law’!
Paul Krugman says that "There are lots of good reasons for the young to sign up" for an Obamacare health insurance plan. Yet he names only one: "it’s the law."
Keynesian Economists Are the Problem
Paul Krugman writes that "there is something wrong with the structure of the economics profession. We don’t seem to need different economics as much as we need different economists." He got one thing right: we need different economists, because economists like Paul Krugman are very much a part of the problem.
About the Author
I am a truly independent journalist and Research Fellow at The Libertarian Institute whose work is focused on exposing dangerous mainstream propaganda that serves to manufacture consent for criminal government policies.
I'm the author of several books, including Obstacle to Peace: The US Role in the Israeli-Palestinian Conflict The War on Informed Consent, Ron Paul vs. Paul Krugman: Austrian vs. Keynesian Economics in the Financial Crisis, and The War on Informed Consent, which features a Foreword by Robert F. Kennedy, Jr.
Topics I have covered over the years include 9/11 and the "war on terrorism", the war on Iraq, the Israel-Palestine conflict, the role of the Federal Reserve in the economy, and so-called "public health" policies including vaccines and the COVID-19 lockdown madness.
The aim of my work is to empower people with the knowledge needed to see through the lies and to create a brighter future for our children.
Stay updated with my work by signing up for my free newsletter, and also be sure to follow me and share the knowledge on social media!