Disaggregating Keynes Demonstrates Macro Delusions

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 ...

And They’re Gone! The Obscenity Of Dr. Fauci’s Jobs-Mageddon

Yes, they are.....gone. We are referring, of course, to all of the jobs created not only since the Great Recession bottom, but during the entire 21st century to date! That’s right. The 20.5 million jobs plunge reported for April essentially wiped out the “strong labor market” brouhaha of the 244 “Jobs Friday” reports since January 2000. In fact, the 131.072 million nonfarm ...