My close friend now for more than 30 years, George Selgin readily takes my hint to weigh in (at Free Banking) on Sheldon Richman, Scott Sumner, and Cantillon effects. As always, George is deeply insightful and lively.
Marty Mazorra pokes gentle fun at Paul Krugman, Nancy Pelosi, and others who suggest that paying people not to work is a sound means of creating more paying work…. On which, see Casey Mulligan’s new book (which I’ve just started to read).
Keynesianism is a gussied-up rendition of the man-in-the-street’s fallacious focus on spending as being the principal driver of economic activity. John Papola correctly understands this fact and rightly – and most entertainingly! – ridicules it. Bob Murphy weighs in – here, and here.