Smith has done it again, not Adam Smith, another one! Have a look here.
A recurring theme throughout Bad Economics is uncovering and undoing widespread economic myths. “People who have never studied one word of economics pronounce on the need to get consumers spending or agree that government has responsibility to stimulate the economy and create jobs. It is all the insidious product of the purveyors of bad economics. Who are they? They are called economists. Not all economists of course; just most of them.”
Strange cover but. Cheer up Peter!
Is he referring to the Economics in Society graduate
Jess Irvine?
Anders Borg.
I am an economics illiterate, ie go easy on moi.
So Borgesian is better than Keynesian.
Less taxes less government red/green tape interference encourages entrepreneurs to establish business and the hiring of labour. Too simplistic?
Rudiau, you may think you are ‘economics illiterate’, but essentially are correct in your summary. Stimulus; just for the sake of putting off the hard decisions will end in tears, because it encourages waste without any production of goods.
Australia has been built on many successful small businesses which make sacrifices when times are tough.
Socialist governments when elected just want to distribute the ‘hard earned’ to dubious fellow travellers and entitlement seekers.
I’d hazard a guess that Kevin Rudd and Wayne Swan will be remembered as the destroyers of the Australian economy and probably the worst mangers of an economy ever seen. The present lot in Canberra is simply piling on the hardship that R&S started.
It’s worth recalling what a French merchant told Cardinal Colbert when the cardinal asked what the government could do to help business.
L’assez nous faire was the merchant’s response.
In English, it meant leave us alone.
No Kindle (ebook) version, no purchase. Sorry, but new books need to be available in digital format.
BRC makes a good point.
When will it be released as an Amazon e-book, please?