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Book
Contra Krugman
With a foreword by Ron Paul
This book is a relentless assault on the ideas of Krugman and on the Keynesian economics that would have the government direct the economy in order to maximize prosperity and prevent recessions.
In fact, the more they try to manage the economy the worse they make it - as during the housing bubble years when the Fed and the federal government colluded to gin up the housing market in order to keep the economy robust after 9/11. Oops.
Unfortunately for Krugman and his followers, Krugman is able to declare victory for Keynesianism only by citing highly selective data, by ignoring or misrepresenting his own predictions, or by misstating the views of his opponents. Krugman even claims to have predicted the housing bubble - after having called for the very policies that created it.
Economist Robert Murphy (PhD, NYU) has an uncanny ability to recall Krugman's columns and interviews and puts his command of this material to devastating use in this book. As Murphy shows, in no way can it be said that Keynesian analysis has won the day. To the contrary, the Austrian School - which has been critical of government intervention, particularly central banking - has been vindicated in episode after episode.
Topics include:
- The Great Depression
- Obamacare
- Krugman's predictions
- Monetary policy
- Climate change
- Financial "reform"
- Employment and wages
- The minimum wage
- Business cycles
- Stimulus
Listen to this book, and never lose a debate again.
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Liberty Portal is your gateway for free markets and free thinking. We aggregate open-sourced content to promote and popularize important people and lessons within the liberty movement.
suggested
Stefan Molyneux
The Handbook of Human Ownership: A Manual for New Tax Farmers
Hey – seriously - congratulations on your new political post!
If you are reading this, it means that you have ascended to the highest levels of government, so it’s really, re-ally important that you don’t do or say anything stupid, and screw things up for the rest of us.
The first thing to remember is that you are a figurehead, about as relevant to the direction of the state as a hood ornament is to the direction of a car – but you are a very important distraction, the “smiling face” of the fist of power. So hold your nose, kiss the babies, and just think how good you would look on a stamp. A stamp, for mail… No, not email, mail. Never mind, we’ll explain later.
Now, before we go into your media responsibilities, you must understand the true history of political power, so you don’t accidentally act on the naïve idealism you are required to project to
Read moreIf you are reading this, it means that you have ascended to the highest levels of government, so it’s really, re-ally important that you don’t do or say anything stupid, and screw things up for the rest of us.
The first thing to remember is that you are a figurehead, about as relevant to the direction of the state as a hood ornament is to the direction of a car – but you are a very important distraction, the “smiling face” of the fist of power. So hold your nose, kiss the babies, and just think how good you would look on a stamp. A stamp, for mail… No, not email, mail. Never mind, we’ll explain later.
Now, before we go into your media responsibilities, you must understand the true history of political power, so you don’t accidentally act on the naïve idealism you are required to project to
Murray Rothbard
For A New Liberty: The Libertarian Manifesto
A classic that for over two decades has been hailed as the best general work on libertarianism available. Rothbard begins with a quick overview of its historical roots, and then goes on to define libertarianism as resting "upon one single axiom: that no man or group of men shall aggress upon the person or property of anyone else." He writes a withering critique of the chief violator of liberty: the State. Rothbard then provides penetrating libertarian solutions for many of today's most pressing problems, including poverty, war, threats to civil liberties, the education crisis, and more.
Read more
Adam Smith
The Wealth Of Nations
It is symbolic that Adam Smith’s masterpiece of economic analysis, The Wealth of Nations, was first published in 1776, the same year as the Declaration of Independence.
In his book, Smith fervently extolled the simple yet enlightened notion that individuals are fully capable of setting and regulating prices for their own goods and services. He argued passionately in favor of free trade, yet stood up for the little guy. The Wealth of Nationsprovided the first--and still the most eloquent--integrated description of the workings of a market economy.
The result of Smith’s efforts is a witty, highly readable work of genius filled with prescient theories that form the basis of a thriving capitalist system. This unabridged edition offers the modern reader a fresh look at a timeless and seminal work that revolutionized the way governments and individuals view the creation and dispersion of wealth--and that continues to influence our economy right up to the present day.
Read moreIn his book, Smith fervently extolled the simple yet enlightened notion that individuals are fully capable of setting and regulating prices for their own goods and services. He argued passionately in favor of free trade, yet stood up for the little guy. The Wealth of Nationsprovided the first--and still the most eloquent--integrated description of the workings of a market economy.
The result of Smith’s efforts is a witty, highly readable work of genius filled with prescient theories that form the basis of a thriving capitalist system. This unabridged edition offers the modern reader a fresh look at a timeless and seminal work that revolutionized the way governments and individuals view the creation and dispersion of wealth--and that continues to influence our economy right up to the present day.
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