keynesianism (page 4)

Bloomberg is reporting today that “More Americans Than Forecast Filed Jobless Claims.” As expected, the bad news was unexpected: More Americans than forecast filed applications for unemployment benefits last week, adding to concern the labor market is slackening. Jobless claims decreased by 3,000 in the week ended…

Story per The Wall Street Journal: U.S. payrolls increased by a seasonally adjusted 96,000 jobs last month, the Labor Department said Friday. The politically important unemployment rate, obtained by a separate survey of U.S. households, fell to 8.1% from 8.3%, mainly because of more people dropping out of…

Folks, this is a campaign stop. The president views it as a good thing. Even he knows enough to wish to hide the disaster of Obamanomics, deliberately refusing to celebrate its second anniversary. But his green energy debacle he still fails to recognize. Obama has learned nothing since…

America’s plunge into a Dark Ages of economic superstition happened at the end of the Bush administration, was  impelled by the incessant chanting of media shamans, and capped with a high priest of Keynesianism so devout he openly wondered why destroying one industry to promote…

Peter Foster writes about that in today’s Financial Post. Longtime readers of The Locker Room will not be surprised. We have warned against the dangers of retrying the failed economic theory of Keynesianism, explained why it fails, and discussed how it’s based on buncombe and…