Say’s Law, Credit Expansion & the Business Cycle

By Russell Lamberti Robert Blumen has an excellent post at Mises.org titled “Say’s Law and the Permanent Recession” which we linked to last week. Blumen’s basic case is that the US economy has effectively been in a prolonged recession since around the turn of the century. This article is not about Blumen’s “permanent recession” thesis per [...]

Eersteklas ekonomiese satire: Die Petisie van die Kersmakers

Deur Frédéric Bastiat (en Piet le Roux) In 1845 het die groot Franse ekonoom, Frédéric Bastiat (1801-1850) ‘n beroemde petisie aan die Franse regering geskryf, waarin hy ‘n handelsboikot teen die son versoek het: die petisie van die kersmakers. Dit was ekonomiese satire op sy beste. Bastiat het die argumente van die proteksioniste in die regering op ‘n baie [...]