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The World Before Central Banking

In today’s world, there are many who want government to regulate and control everything. The most bizarre instance, though — more bizarre even than banning the sale of large-sized sugary drinks — is...

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Liquidation is Vital

Many Keynesians really hate the concept of liquidationism. I’m trying to grasp why. Paul Krugman wrote: One discouraging feature of the current economic crisis is the way many economists and economic...

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Krugman, Newton & Zombie Banks

Paul Krugman: Mitt Romney – supposedly advised by Mankiw among others – is outraged: [T]he American economy doesn’t need more artificial and ineffective measures. We should be creating wealth, not...

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