Keynesian Accounting Card Tricks Create Absurd Theories

Storms of comments on the economic collapse of the lockdown have been met with some reoccurring statements from the Keynesians and MMT believers. Nikki Haley wrote on Twitter that state budgets should have had rainy day funds ready for events like this, which seems like an obvious comment. She was then attacked for now knowing … Continue reading Keynesian Accounting Card Tricks Create Absurd Theories

Price Controls For Immigrant Farm Labor

In the mainstream news, confusing headlines say that the government is “seeking to cut farmworker wages.” Both the Wall Street Journal and NPR describe it this way. NPR says, “To Help Farmers, White House Wants To Lower Migrant Wages.” Obviously this is pretty dastardly. The federal government, which apparently sets all prices, just feels that … Continue reading Price Controls For Immigrant Farm Labor

An Upcoming Downturn is an “A Priori” Fact

For the man on the street the multiple stock market crashes in March were an unforeseen circumstance caused by the Coronavirus Pandemic, disrupting an otherwise strong economy. For the Austrian Economists, the reality was no surprise, and neither were the other major recessions of the 20th century. Before the Great Depression, Austrian economist Ludwig Von … Continue reading An Upcoming Downturn is an “A Priori” Fact