Robert Tracinski on The Paradox of Subsidies

“Call it the Paradox of Subsidies. Why do you subsidize something? To make it cheaper. What is the actual effect? To make it more expensive.” Robert Tracinski: The greater the subsidy, the more money flowing in to the sellers of a product or service, the...

Keynesian roots of Australian post-war film funding

EconomicsWorkshop.ORG points to evidence that post-WWII film funding in Australia was directly influenced by Keynesian economic theory. It asks: If Keynesian economics “proved” that government spending boosts the economy, was the argument made (at the...