This is a few years old now, but it still gets a laugh out of me. With the focus on the Fed and quantitative easing these days, it’s worth another watch.Read More

In the new 2011 edition of his magnum opus Debunking Economics: The Naked Emperor Dethroned, Australian economics professor Steve Keen comes out guns blazing, blasting the “Panglossian view” of neoclassical economics that did so much to get us into the credit boom and bust that we are still struggling to recover from. Keen, unlike most...Read More

Experienced debaters are familiar with the Latin term reductio ad absurdum. This is a tactic in which your opponent’s proposition is disproven by taking it to a logical extreme—or reducing it to the absurd. For example, the statement that “Stocks always rise over the long run” or that “Over the long run, the economy will...Read More

I originally penned this article for the August 2007 issue of the HS Dent Forecast–nearly three years ago.  My comments on deflation and consumer spending turned out to be right on the mark. The late Milton Friedman may be the most accomplished economist of his generation. Just as his predecessor John Maynard Keynes influenced every...Read More