Monthly Archives: July 2011

A Rebuttal of Say’s Law

This blog is in response to Free Market Economics: an Introduction for the General Reader and its comments.  Who knew I had another post in me?  The blog post says: A book dealing with macroeconomic issues without a discussion of … Continue reading

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The Great Recession Explained

In terms of the economic crisis this is what actually happened: 1. Private spending collapsed as a result of the effects on confidence of the global financial crisis. Firms felt the pinch as inventories rose and cut back production. The … Continue reading

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