Opinion
Kooky Keynesian Ideas Infect Minimum Wage Debate
Only if you believe that raising the cost of doing business is good for the economy can you buy into the notion that a minimum wage increase spurs economic growth.
Opinion
No Stimulus, No Plastic
When it comes to following wise economic policies, government should not act all that differently from households or businesses.
News
Friday Interview: Keynesian Overconsumption Comes Home to Roost
RALEIGH — Ever since the recent financial crisis took hold, we’ve heard the name Keynes and the word “Keynesian” crop up in political and economic debates. John Maynard Keynes was a 20th-century British economist. One of his most famous sayings was “in the long run, we are all dead.” Paul Cwik, associate professor of economics at Mount Olive College, used Keynes’ line as the basis for a presentation this year to the John Locke Foundation’s Shaftesbury Society. Cwik spoke on the theme “Say’s Revenge: Living in Keynes’ Long Run.” Cwik discussed Keynes, Say, and competing economic ideas with Mitch Kokai for Carolina Journal Radio.
Opinion
Flashback: It Is Run by Little Else
Even if I weren’t in the think tank business, I’d argue that history has proven time and time again the persistent and pervasive influence of ideas.
News
Friday Interview: Keynesian Economics Debunked
RALEIGH — Debate over President Obama’s so-called economic stimulus plan introduced the phrase “Keynesian economics” into the average American’s vocabulary. This once-discredited approach to fiscal policy seems to have made a comeback in some circles. Dr. Roy Cordato, John Locke Foundation vice president for research and resident scholar, explained the enduring appeal of Keynesian concepts during an interview with Donna Martinez for Carolina Journal Radio.
Opinion
Keynesianism Even He Can’t Believe In
The president buys into failed Keynesian economic notions, except when he doesn't.
Opinion
Flashback: The World Is Run By Little Else
Even if I weren’t in the think tank business, I’d argue that history has proven time and time again the persistent and pervasive influence of ideas.
Opinion
The World Is Run By Little Else
Even if I weren’t in the think tank business, I’d argue that history has proven time and time again the persistent and pervasive influence of ideas.
Opinion
A Christmas Carol with another story
At this time of year we get lots of messages, in the news and elsewhere, on the theme of economic prosperity Some focus on charity and assistance for people in unfortunate circumstances. Others look to the health of the overall economy, relying on the theories of at least one dead economist whose ideas, quite frankly, should be long gone as well.
Opinion
“Lord of the Rings” & Other Political Fantasies
What "The Lord of the Rings," "Harry Potter," and other works of fantasy have to say about war, economics, and political philosophy.
