Forbes contributors publish independent expert analyses and insights. A former Dallas Fed president, I cover the economy. This article is more than 10 years old. One of the neat (in my opinion) things ...

Government has no resources. It can only spend what it’s taken from us first. Yet Keynesian economists (meaning the vast majority of economists) believe government spending boosts economic growth.

Economies aren’t blobs or machines that occasionally pull over to dollar “filling stations.” In reality, economies are just individuals interconnected with individuals and machines the world over.

The two most prominent theories of macroeconomics to emerge during the 20 th century are the Keynesian Theory of Money and the Monetarism Theory. Keynesian thought traces back to the early part of the ...

Federal Reserve Chairman Jerome Powell and his colleagues are continuing to raise interest rates even though they know this is likely to cause a recession. At the annual bankers’ gathering in Jackson ...

Keynesian economics is a macroeconomic theory that advocates for active government intervention to manage economic cycles, particularly during recessions and depressions. Developed by British ...

Why is Christian Science in our name? Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that. The Church publishes the Monitor ...

On 14 November 1968, New York University hosted a debate between the economists Walter Heller and Milton Friedman at the Graduate School of Business, a block from Wall Street. The event was advertised ...