Sublime

Monetarists generally oppose Keynesian efforts to spend money to eliminate unemployment, arguing that in the long run, the effect on unemployment will be eliminated while causing inflation. Instead, Monetarists prefer tax cuts to stimulate the economy, because they argue that the free market will better allocate resources than government spending.

Famed investor Peter Lynch put it best: "There are 60,000 economists in the U.S., many of them employed full-time trying to forecast recessions and interest rates, and if they could do it successfully twice in a row, they'd all be millionaires by now. ... But, as far as I know, most of them are still gainfully employed, which ought to tell us

In Minsky’s own words, ‘The tendency to transform doing well into a speculative investment boom is the basic instability in a capitalist economy.’

Unfortunately, the return of instability coincided also with the ascendancy of a new interventionist orthodoxy in economic theory which, extrapolating from the entirely unusual circumstances of the immediate postwar, attributed business fluctuations not to changing financial structures but rather simply to fluctuations in aggregate demand. Accordin

Sa vision d’un monde où l’homme serait libéré du fardeau du travail fait écho à celle exprimée par l’économiste britannique John Maynard Keynes, dans sa Lettre à mes petits enfants, publiée en 1931. À ses yeux, il ne fallait pas s’inquiéter de cette automatisation croissante du travail, mais l’accueillir comme une opportunité d’émancipation : « Dan

The Principle of Growth: We should maximize the rate of sustainable economic growth, defined in terms of a concept such as Wealth Plus.