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According to Nobel Prize-winning economist and former New York Times columnist Paul Krugman, economic slumps with high unemployment are caused by people saving too much instead of spending, and the proper response is for the government to step in and spend more.
I recently joined my colleague Keith Knight in a livestream to debunk that nonsense!
Knight is the Managing Editor of The Libertarian Institute, where I am a Research Fellow. Watch us efficiently dissect Krugman’s economic fallacies in this entertaining and highly educational discussion: |
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And if you enjoy this discussion, you will definitely want to check out my short book Ron Paul vs. Paul Krugman, which was praised by Barron's as a must-read that conveys more insights into the causes and cures of economic recessions than most economic textbooks of much greater length:
Learn More about the Book and Buy Now! |
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In Truth and Liberty,
Jeremy R. Hammond |
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