The State of the US Economy
1 November 2011 at 10:41 am Peter G. Klein 3 comments
| Peter Klein |
According to the latest Kauffman Foundation survey of “top” economics bloggers. (I participate, so it’s not that exclusive a club.)
Full report available here. As Kauffman’s Tim Kane notes, “The economics blogging community has proven to be very insightful with rich and diverse viewpoints, but by nature they understand the importance of entrepreneurship because that’s ultimately who they are.” I agree, with the caveat that many of us don’t exactly have a lot of skin in the game. . . .
Entry filed under: - Klein -, Entrepreneurship, Financial Markets. Tags: .
1. Not looking good in the US at Catallaxy Files | 2 November 2011 at 3:24 am
[…] Pete Klein has pointed to the latest Kauffman Foundation report on what the top bloggers think about the immediate future of the US. Using words like “uncertain,” “fragile” and “weak,” 96 percent of top economics bloggers now share a gloomy outlook on the U.S. economy. According to a new Ewing Marion Kauffman Foundation survey released today, respondents’ expectations of higher annual deficits and top marginal tax rate increases, coupled with recession concerns, are a “depressing surprise.” […]
2.
David Coplin | 15 November 2011 at 4:11 am
A correct understanding of poverty will elucidate a correct understanding of economics as
well as a correct understanding of our current economic situation.
While I am not an Austrian proponent I have made the subjective basis of economics the
foundation of the economic theory laid out in the ebook referenced below. But I come
to very different conclusions regarding monetary policy, credit operations, taxation, and the
definition of individuals and enterprises in any economic system. I also compare communist
economic systems to our current western credit economic system and believe that Keynes
made an invaluable contribution to economics with his concept that an economy can function
at any level of production. But I also support market mechanisms as the driver of any
successful economy instead of government spending.
Given the plethora of ideas about just how we should proceed in order to improve our
current economic situation, I’ve added my own. I would really appreciate your review of
the economic principles proposed in the following ebook
http://www.smashwords.com/profile/view/povertyandthefoundationofeconomics
and your comments on any errors that you find. If you do not have the time to do
this, I would appreciate your assigning the task to your friends as an exercise.
As long as we continue to use the western credit system as the primary driver of
economic production the wealthy will continue to control the means of economic
production and poverty will be a guaranteed result. The link above describes an
alternative economic system that will eliminate poverty and maximize economic
production.
Thank you for your time and attention in this matter
3.
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