• John Locke Update

    The Myth of “Wage Push” Inflation

    posted October 25, 2018 by Dr. Roy Cordato
    Much of the economic news lately is focusing on the fact that labor is becoming a scarce commodity. Each quarter when labor and job statistics are released, we hear how…
  • John Locke Update

    “Too Much Growth” Doesn’t Cause Inflation

    posted February 15, 2018 by Dr. Roy Cordato
    If the supply of oil goes up, the price of oil and gasoline falls. If the supply of oranges goes up, the price of oranges and orange juice goes down.
  • John Locke Update

    Keynesianism: The Real Trickle-Down Economics

    posted January 10, 2018 by Dr. Roy Cordato
    In the media and among pundits, the term “trickle-down economics” is used a lot. The expression was reportedly first used in the 1930s by Will Rogers and was later adopted…
  • John Locke Update

    Trump vs. Hillary: A Race To The Keynesian Bottom

    posted August 4, 2016 by Dr. Roy Cordato
    John Maynard Keynes was the most influential economist of the 20th Century. His view, and the view of his followers, i.e., Keynesians — that recessions could be overcome and economies…

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