Dear Chief Secretary, I’m afraid to tell you there’s no money left – Outgoing Labour Chief Secretary to the Treasury, Liam Byrne, to his successor, David Laws Trying to make sense of the growing financial crisis in Europe is like attempting to explain the Tim Tebow phenomenon in the United States. It’s simple yet complicated. [...]
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We are often told, and we often feel, that all our society’s problems are unprecedented, arising from novel causes and requiring novel solutions. The careful study of history, however, reveals such is not the case. Our present is, of course, a product of our past; moreover, certain patterns in human relations seem to repeat themselves [...]
Continue Reading →Right now we are finally getting out of this economic recession and seeing significant job growth for the second straight month thanks to President Obama. He has employed economic Keynesianism in order to jump start the economy with his stimulus plan and it is working. We can see the results every day around us. The stock market is significantly higher than it was a year ago and Americans all around are spending more. Profits for companies are rising as Americans are comfortable spending more money. But then again, Keynesianism has always worked, so why would any of us be surprised?
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