Tag Archives: krugman

Bureaucracies Just Need a Little Love

Last week Paul Krugman attempted to deal a deadly blow to libertarianism by arguing that politicians are corrupt… Yes, you read that right. His post is in reference to the recent oil spill, but it could easily be applied to the bail-out of big banks as well. He claims that regulation is needed to prevent Big [...]
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The Hangover Theory

I could write a whole essay about the dirty tricks Paul Krugman employs in this Slate magazine article from 1998. Instead, I will focus on just one (okay, maybe a few more than one…). Krugman insists that the Austrian theory of the business cycle is a pure misunderstanding of all the Keynesian and post-Keynesian economic “developments”. [...]
Posted in Banking & Finance, Government Spending, Unintended Consequences | Also tagged , , | Leave a comment

Anthony Gregory on the Fed

Anthony Gregory, Berkeley alum and the editor of Campaign for Liberty, spoke this past Wednesday to campus libertarian club Students For Liberty. The title of his talk was “Monopoly Money: Business Cycles and the Federal Reserve.” Gregory explained how the Austrian business cycle, F.A. Hayek’s Nobel winning formulation, relates to the current financial crisis. The story goes [...]
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