 |
| |
| Opposing the Keynesian Illusion: Spending Does Not Drive the Economy |
| Jonathan Newman |
| The central pillar of the Keynesian system is that spending drives the economy, so savings on a large scale will push the economy into recession. As Austrians know, that narrative is entirely false and fails to accurately explain how the economy works. |
| |
| READ MORE + |
| |
 |
| |
| Can Monetary and Fiscal Stimulus Counter Recessions? |
| Frank Shostak |
| The standard Keynesian line is that the government can shorten recessions by using fiscal and monetary “stimulus.” However, as Austrian economists note, ratcheting up government spending only makes things worse, setting the stage for the next economic downturn. |
| |
| READ MORE + |
| |
|
|
