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Mainstream Economists' Monetary Insanity

Mainstream Economists' Monetary Insanity | Economics | Scoop.it

According to Krugman, in spite of the 'false alarm' sounded by the Austrian economists over the debasement of the dollar, inflation is still only 1.5 percent. "Who could have predicted that so much money printing would cause so little inflation?" he asks rethorically. "Well, I could, and I did," he boasts, "because I understand Keynesian economics that Mr. Paul reviles."

 

In any event, unknown to Krugman, I also predicted the same thing. Unlike Krugman, I did more than simply predicting that inflation was not the danger. I warned that Keynesianism would lead to deflation and depression. Money-printing has become counterproductive. Krugman doesn't understand that it will boomerang.

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Rescooped by David Cain from Fiscal & Monetary Policy
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Budget: Key points at a glance

Budget: Key points at a glance | Economics | Scoop.it
An at-a-glance summary of the main points of the 2013 Budget.

Via Rob Stevenson
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Rob Stevenson's curator insight, March 21, 2013 9:57 AM

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Rescooped by David Cain from Fiscal & Monetary Policy
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Unit 4 Macro: Tax Changes to Boost Growth

Reducing the income tax rate and increasing the inheritance tax rate could induce a huge increase in UK GDP, according to research by Professors Alberto Alesina and Guido Cozzi and Dr Noemi Mantovan, published in the latest Economic Journal...

Via Rob Stevenson
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Rescooped by David Cain from econ 202
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The Economist - World News, Politics, Economics, Business & Finance

The Economist - World News, Politics, Economics, Business & Finance | Economics | Scoop.it
Authoritative weekly newspaper focusing on international politics and business news and opinion.

Via bctc economics
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