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November 20, 2019|Federal Reserve, fiscal policy, John Maynard Keynes, monetary policy, Public Debt

The Fed Will Be Forced to Choose: Inflation or Insolvency?

by Antony Davies|

United States Federal Reserve Bank building on Constitution Avenue in Washington, D.C. (Rob Crandall / Shutterstock.com).
It is simply a matter of time before the Federal Reserve finds itself having to choose between inflation and federal insolvency.

March 12, 2019|Deficit Spending, Jeremy Corbyn, John Maynard Keynes, Oswald Mosley, Robert Skidelsky

The Baleful Consequences of Robert Skidelsky’s Keynesianism

by Leonidas Zelmanovitz|

John Maynard Keynes
Keynes’s famed biographer wants economic interventionism to make a comeback.

March 11, 2019|David Lloyd George, John Maynard Keynes, Treaty of Versailles, Woodrow Wilson

The Economic Consequences of John Maynard Keynes

by Samuel Gregg|

Detail image of "The Signing of Peace in the Hall of Mirrors, Versailles, 28th June, 1919," by William Orban. Part of the collection of the Imperial War Museum (Art.IWM ART 2856).
The book which propelled John Maynard Keynes to fame 100 years ago continues to shape our world today.

October 22, 2018|1648 Treaty of Westphalia, Gil Delannoi, Immanuel Kant, John Maynard Keynes, Le nation contre le nationalisme, national sovereignty, Perpetual Peace

How Nation-States Secure Freedom

by Samuel Gregg|

It’s the supranational institutions, unrepresentative and unaccountable, that tend to do the opposite—and that spur destructive forms of nationalism.

January 25, 2018|Charles de Gaulle, Free Markets, Jacques Rueff, John Maynard Keynes, monetary policy

Jacques Rueff: Statesman of Finance and “l’anti-Keynes”

by Samuel Gregg|

French economist and adviser to the French Government Jacques Rueff at his home in Berville, 1965. (Photo by Henri Bureau/ Getty Images)
Rueff considered Keynes’s ideas to be counterproductive because they gave governments excuses to avoid responsibility

June 26, 2017|Federal Reserve, Inflation, John Maynard Keynes, monetary policy

Ending the Fed’s Permanent Inflation Policy

by James R. Rogers|

dollar

The Federal Reserve Board seeks to maintain an inflation rate around two percent per year. While this rate might sound low for older types who remember double-digit inflation rates in the late 70s and early 80s, and a rate of 5.4 percent as recently as 1990, why tolerate, let alone seek to sustain, any inflation at all? Why not seek to establish zero inflation and stable prices? After all, even an inflation rate of only two percent a year means nominal prices still double every 36 years. And while people can and do broadly adjust their behavior in the face of anticipated inflation, it’s not a seamless process. Inflation distorts people’s economic decisions, whether as producers or consumers, labor or capital, and so imposes costs on us all.

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June 13, 2016|Bretton Woods, Eric Rauchway, Fascism, Franklin D. Roosevelt, Henry Morgenthau, John Maynard Keynes, monetary policy, Samuel Dickstein, The Money Makers

Making Myths about “Money Makers”

by Paul Moreno|

To compare The Money Makers: How Roosevelt and Keynes Ended the Depression, Defeated Fascism, and Secured a Prosperous Peace to a 100,000-word inflationist op-ed by Paul Krugman would be unfair—unfair to Paul Krugman. It goes beyond Keynesian hagiography to Keynesian deification.

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December 7, 2015|James Piereson, John F. Kennedy, John Maynard Keynes, Mainline Protestantism, Shattered Consensus, Thomas Piketty

America Has Gone Wobbly

by Joseph Bottum|

The American experiment has always been a rickety thing, a wobbly stool balanced on the three legs of its politics, its economics, and its public morals. From its founding, the United States had a political impulse toward greater equality, while the nation’s economics sought free markets, and the American cultural ethics generally expressed the country’s broadly shared Protestantism. Through much of our history, each of these three legs both accommodated and strained against the other two. Democracy, for example, grants some participation in national identity, an outlet for the anxious desire of citizens to take part in history, but it always…

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Book Reviews

A Mirror of the 20th-Century Congress

by Joseph Postell

Wright undermined the very basis of his local popularity—the decentralized nature of the House—by supporting reforms that gave power to the party leaders.

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The Graces of Flannery O'Connor

by Henry T. Edmondson III

O'Connor's correspondence is a goldmine of piercing insight and startling reflections on everything from literature to philosophy to raising peacocks.

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Liberty Classics

Rereading Politica in the Post-Liberal Moment

by Glenn A. Moots

Althusius offers a rich constitutionalism that empowers persons to thrive alongside one another in deliberate communities.

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James Fenimore Cooper and the American Experiment

by Melissa Matthes

In The American Democrat, James Fenimore Cooper defended democracy against both mob rule and majority tyranny.

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Podcasts

Stuck With Decadence

A discussion with Ross Douthat

Ross Douthat discusses with Richard Reinsch his new book The Decadent Society.

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Can the Postmodern Natural Law Remedy Our Failing Humanism?

A discussion with Graham McAleer

Graham McAleer discusses how postmodern natural law can help us think more coherently about human beings and our actions.

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Did the Civil Rights Constitution Distort American Politics?

A discussion with Christopher Caldwell

Christopher Caldwell discusses his new book, The Age of Entitlement.

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America, Land of Deformed Institutions

A discussion with Yuval Levin

Yuval Levin pinpoints that American alienation and anger emerges from our weak political, social, and religious institutions.

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About

Law & Liberty’s focus is on the classical liberal tradition of law and political thought and how it shapes a society of free and responsible persons. This site brings together serious debate, commentary, essays, book reviews, interviews, and educational material in a commitment to the first principles of law in a free society. Law & Liberty considers a range of foundational and contemporary legal issues, legal philosophy, and pedagogy.

The opinions expressed on Law & Liberty are solely those of the contributors to the site and do not reflect the opinions of Liberty Fund.
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