About
I became interested in economics in 2007 as a recent college graduate who was watching the economy he was graduating into deteriorate before his eyes. I became fascinated with how we got into this situation, and was intrigued by the arguments that ensued about how we can get out of it. I read a lot, starting with the basics of what makes an economy flourish in the first place (Adam Smith’s ‘Wealth of Nations’).
When I read John Meynard Keynes ‘General Theory of Employment, Interest and Money’, which was the blueprint for Roosevelt’s depression-era policies, I was surprised by how little sense it made to me. This was supposed to be the 20th century’s bible on economics, and it was encouraging politicians to pay people to dig ditches and then fill them back in.
Indeed, Keynes’ policies are still alive and well today. 2008 Nobel Prize in Economic Sciences winner Paul Krugman, an avid Keynes disciple, famously declared that an Alien Invasion would help stimulate us out of this economic slump (see below).
So, the purpose of this blog is not meant to be political, but rather scientific in nature. If economics is indeed a science, then there must be common-sense answers to problems. An alien invasion (or metaphorical equivalent) does not seem to be a valid path to prosperity.
Please, participate in the conversion, especially if you’re a believer in Keynes’ economic theories. I want our posts to spark debates, because by challenging each other we are helping to foster a new school of economic thought…one which I hope will prevent future generations from having to suffer through times of economic turmoil.