The Federal Government Is Basically An Insurance

The Goal In The End Is Not To Win Elections. The Goal Is To Change Society.

We're Living In A Dark Age Of Macroeconomics. Remember, What Defined The Dark Ages Wasn’t The Fact That They Were Primitive — The Bronze Age Was Primitive, Too. What Made The Dark Ages Dark Was The Fact That So Much Knowledge Had Been Lost, That So Much Known To The Greeks And Romans Had Been Forgotten By The Barbarian Kingdoms That Followed.

To The Extent That Sacrifices Need To Be Made, Shouldn't The People Who've Made Out Like Bandits This Past Generation Be First In Line? The Problem With Getting Out Of The Slump Is That We Need To Spend More. It's Not That Somebody Needs To Spend Less. We Have Idle Workers Who Have The Skills And The Willingness To Work. We Have Idle Factories. Dealing With This Is Not About Saying Somebody Needs To Suffer. It's Saying That We Need To Be Prepared To Open The Taps.

The Real Danger With Debt Is What Happens If Lots Of People Decide, Or Are Forced, To Pay It Off At The Same Time.

Our Popular Economics Writers, However, Are Not In The Business Of Giving Their Readers A Ringside Seat On The Research Action; With No Exception I Can Think Of, They Use Their Books To Do An End Run Around The Normal Structure Of Scholarship, To Preach Ideas That Few Serious Economists Share. Often, These Ideas Are Not Just At Odds With The Professional Consensus; They Are Demonstrably Wrong, And Sometimes Terminally Silly. But They Sound Good To The Unwary Reader.