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Disaggregating Keynes Demonstrates Macro Delusions

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The economic downturn that has accompanied the coronavirus crisis has seen huge increases in government deficit spending and mounting national debt in the United States and many other countries around the world. A revived version of Keynesian Economics has emerged rationalizing and justifying massive government expenditures as cures for falling production, rising unemployment, and widening income inequality. It seems ...

A Catastrophic Misconception and Omission

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“Legalizing pot is a catastrophic mistake,” says self-proclaimed marijuana expert Kevin Sabet in an opinion piece in Newsweek. The fact that thirty-three states have legalized the medical use of marijuana and eleven states have legalized the recreational use of marijuana, all without catastrophic results, says otherwise. The only thing catastrophic is the misconception and omission in Sabet’s article. Sabet ...