Cargo Cult Economics
December 18th, 2010
By Brianna Aubin Pretend that you are on a desert island with six other people. One guy hunts, another fishes, a third collects firewood, the fourth hauls water, the fifth gathers fruits and vegetables, the sixth builds huts, and you … eat. Yes, that’s right. Your job is eating. You pick up seashells off the beach, and […]
Articles written by Brianna Aubin
Tags: cargo cult, Federal Reserve, Keynesian, money, productivity, value
Categories: Economics, Politics | Comments (12) | Home
Eating Your Seed Corn
October 27th, 2009
In today’s complex global economy, it can be easy to forget the root and the meaning of money. In fact, it can be so easy that there is an entire school of economics, Keynesianism, that is devoted to the theory that it is the consumer that drives the economy and spending money is the best […]
Articles written by Brianna Aubin
Tags: bailouts, corn, economy, free market, Keynesian, monetary policy, recession
Categories: Economics, Politics | Comments (8) | Home
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