Keynesian Economics, GDP and Debt

The failure of Keynesian economics can be traced to a single error. GDP is seen as the singular measure of economic strength and well-being, which it is not. GDP measures consumption; and it's no secret that consumption can be made to rise through all sorts of unsound and...

History lesson for economists in thrall to Keynes

The following report was published on Progress.org, with this introduction: Will America go the way of former indebted empires? We trim, blend, and append three 2009 articles from: (1) Taxpayers for Common Sense, The WasteBasket: A Bulletin on Wasteful Government Spending,...

Outcry at plan to build biofuel plant

"PLANS to build a plant which would transform waste food into fertiliser and enough power for 1,500 houses every year have been met with strong opposition. Biogen UK Limited, of Milton Keynes, wants to build a plant on farmland to the south of Rushden, Northamptonshire, UK....

Six seriously injured as coach overturns

Causing death by careless driving when under the influence of drink or drugs in the UK caries a maximum penalty of 14 years' imprisonment, an unlimited fine, disqualification from driving for at least 2 years and a mandatory extended driving test. This driver was lucky, no...

China Burps Greenspan Farts Dow Hiccups

"Greenspaned the works. He actually speculated that America may be facing a recession. But now noticing the stink in the room he is waving his hand behind his butt to clear the air.US slump possible, not probable-Greenspan quoted Then the Chinese government which is still...

Manchester Wins Super-Casino Race

"Manchester has been chosen as the surprise location of Britain's first Las Vegas-style super-casino. The decision is a blow for Blackpool and London's former Millennium Dome, which were the bookmakers' favourites. The licence will allow Manchester to build a venue for up to...

We examine the prospects for road and rail and why transport is the key to th...

"THE potential of north Northamptonshire will only be unlocked if we have a transport system fit for purpose, say politicians. About 55,000 homes are set to be built in the area by 2026 under the Government's Milton Keynes and South Midlands growth plan, which also outlines...

Company In Hell

" Its an interesting coincidence (there is no such thing as a coincidence) that Augusto Pincohet and Milton Friedman passed away less than a month apart."

More On Friedman

"Two good articles on the death of the daddy of neo-conservative economics; Milton Friedman. Relentlessly Progressive Economics and Milton Friedman and the Economics of Empire"

Milton Friedman RIP

"Milton Friedman ,the guy who worked for Pinochet to produce record breaking inflation in post-Allende Chile to prove socialism didn't work, has passed on to the great cash register in the sky."

The Romance of Economics

"One doesn't interview a man like Milton Friedman--the Nobel laureate in economics in 1976 and among the five or six most consequential thinkers of the 20th century--without doing some assiduous homework."