Obama Economic Advisor Larry Summers: “Everybody agrees that the recession is over.” Obama Economic Advisor Christina Romer: Of course the recession isn’t over. Ooops! Kudos to David Gregory for asking tough questions on the stimulus. Giving credit where credit is due. Romer’s answers on everything else (beside her response on whether or not we’re still [...]
Posts Tagged ‘Austrian’
Peter Schiff Debates David Epstein of Columbia University
Two kinds of economists exist in the world: those who know first-hand the inner-workings of the economy and those who theorize about how they think it should work and implement policies that have the opposite effect intended. That is the story of the difference between the Austrian school of economics and Keynesianism. One view is [...]
