For about 20 years, Ray Keating wrote a weekly column - a short time with the New York City Tribune, more than 11 years with Newsday, another seven years with Long Island Business News, plus another year-and-a-half with RealClearMarkets.com. As an economist, Keating also pens an assortment of analyses each week. With the Keating Files, he decided to expand his efforts with regular commentary touching on a broad range of issues, written by himself and an assortment of talented contributors and columnists. So, here goes...
Sunday, July 15, 2018
NEW EPISODE OF FREE ENTERPRISE IN THREE MINUTES! Episode #16: What Caused the Great Depression?
The Great Depression is mistakenly blamed on market failure. In reality, the economy sank into and persisted in a depression due to government failure. The Great Depression was all about trade protectionism, tax increases, massive increases in government spending, and unprecedented regulation.
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Monday, July 2, 2018
Karl Marx got pretty much everything wrong. Yet, remnants of his mistakes persist, including his ignoring economic reality when it comes to the relationship between business owners and workers.