Hunter Lewis

Hunter Lewis is co-founder of Againstcronycapitalism.org and co-founder and former CEO of Cambridge Associates LLC, a global investment firm. He has written ten books on economics and related subjects, including Where Keynes Went Wrong.

James Grant Sets Stick of Dynamite to Bush/Obamanomics

It was a very deep depression, as deep as the one that succeeded in 1929. But in this case, the government did not intervene, and it was over in less than two years. Was this a coincidence? Grant does not think it was. He believes, as this writer does, that present government interventions have deepened our current economic malaise and are retarding a full recovery.

Statues of unemployed men standing in a unemployment line during the Great Depression at the Franklin Delano Roosevelt(FDR) Memorial September 20, 2012 in Washington, DC. During the first four years of FDR's term, nearly one-third of the American people were unemployed. AFP PHOTO / Karen BLEIER (Photo credit should read

Is Keynes Misunderstood, Maligned By Critics?

In a September 11 Bloomberg article, economist Noah Smith claims that John Maynard Keynes, the architect of today’s government economic policies around the world, wasn’t a “socialist” or even a “progressive.” He did not favor “a command economy.” Yes, he

Is Keynes Misunderstood, Maligned By Critics?

Did the Government Cover Up an Autism/Vaccine Connection?

For years, parents of autistic children have claimed a link between their children’s condition and vaccines. One vaccine in particular has been mentioned: the MMR (Mumps, Measles, and Rubella), which has a record of side effects, some severe. The Center

Did the Government Cover Up an Autism/Vaccine Connection?

Leading Keynesian Economist Uses the 'D' Word

Most Keynesian economists do not want to admit that we are in another depression. They find the word painful. They find it painful because it contradicts the idea that Keynesian economic ideas have ended depressions forever. It also contradicts the

Leading Keynesian Economist Uses the 'D' Word

Senator Elizabeth Warren Speaks Up for Progressivism

Good for Elizabeth Warren. She’s letting us know where she stands. No oily evasiveness for her, or at least less than usual from politicians. Here are her eleven tenets of today’s progressivism, outlined in a July 18 speech before Netroots

Senator Elizabeth Warren Speaks Up for Progressivism

Bloomberg Economist Likes Fed's Rock Bottom Interest Rates

Is he right? In a recent Bloomberg Views piece, mainstream economist Noah Smith accused his critics of having “brain worms” and even “anti-semitic overtones.” He then mischaracterized what these critics, usually referred to as Austrian economists, were saying so that

Bloomberg Economist Likes Fed's Rock Bottom Interest Rates

Bloomberg Op-Ed Compares Austrian Economics to 'Brain-Worms'

What does it suggest when someone, writing in Bloomberg, calls his critics “9/11 truthers… enslaved by… brain worms?” It suggests that he is very worried. He not only thinks the barbarians are at the gate; he thinks that his cozy

Bloomberg Op-Ed Compares Austrian Economics to 'Brain-Worms'

Negative Interest on Private Bank Accounts Coming to the US?

We just reported about how the European Central Bank has instituted negative interest rates for member banks. This could soon spread to the US and also to consumer accounts. If so, you would find money taken out of your bank

Negative Interest on Private Bank Accounts Coming to the US?

European Central Bank Adopts Negative Interest Rates

Look for this to spread. For now the negative interest rate of -0.1% will only apply to bank reserves held at the central bank. The stated objective is to persuade the banks to reduce their reserves by lending more.  In

European Central Bank Adopts Negative Interest Rates

Rand Paul Threatens to Hold Up Fed Board Nominees

This will put a useful spotlight on three poor Fed nominations as well as a good bill that is being ignored. Senator Rand Paul (R-KY) has sent a letter to Senate Majority Leader Harry Reid (D-NV) threatening to put a

Rand Paul Threatens to Hold Up Fed Board Nominees

U.S. Still in a Depression

Does an official 6.3% unemployment rate mean that the economy has finally recovered? No. Whether you call it the Great Recession or the depression it really is, the recovery that supposedly started in June 2009 has not been much of

U.S. Still in a Depression

Will Piketty's 80% Income Taxes and 10% Wealth Tax Fix Our Economy?

The economist offering this “solution” has been fêted by the Obama White House economic staff, the International Monetary Fund, and by many of the people running world economies today. His ideas are definitely “in play.” Thomas Piketty, the forty-two-year-old French

Will Piketty's 80% Income Taxes and 10% Wealth Tax Fix Our Economy?

Inside The Fed–What Janet Yellen Won't Tell You

What is Janet Yellen, new Fed chairman, really worried about? Is it that reported unemployment will stay high, that the economic recovery will never get off the ground, that we will fall back into recession, or that consumer prices will

Inside The Fed–What Janet Yellen Won't Tell You

More High-Stakes Appointments to the Federal Reserve

The Obama administration has repeatedly complained about Republican blocking tactics in the Senate. In this context, it is worth remembering that the Democrats blocked President Bush’s last three nominees to the Federal Reserve Board. The Democrats calculated that a member

More High-Stakes Appointments to the Federal Reserve

Will Washington Take Down Apple–And Why?

The U.S. Department of Justice has not only successfully sued Apple for arguably non-existent anti-trust violations in the e-book market. It has even demanded – and gotten – a court-appointed “monitor” placed inside the company to supervise the company’s pricing

Will Washington Take Down Apple–And Why?

Left Icon Henry Waxman Leaves Tarnished Legacy of Crony Capitalism

Henry Waxman, who just announced his retirement after 40 years in Congress, may be the most powerful under-the-radar-screen person in Washington. President Obama calls his fellow Democrat “one of the most accomplished legislators of his or any era.” The Washington

Left Icon Henry Waxman Leaves Tarnished Legacy of Crony Capitalism

Obama Doubles Down on Destroying the Economy

Is President Obama really this ignorant of business and economics? Telling American employers to raise their wages sounds innocent enough, but it ceases to be innocent when people lose their jobs as a result. In his State of the Union

Obama Doubles Down on Destroying the Economy

Why Doesn't the Federal Reserve Lend Each of Us $10 Million?

Wouldn’t that be a good way to jump start the economy? Sheila Baer, chairman of the Federal Deposit Insurance Corp. during the Crash of 2008, was a lonely voice of sanity at that time. In 2012, she wrote an article

Why Doesn't the Federal Reserve Lend Each of Us $10 Million?

'Time' Sends New Fed Chair Janet Yellen Early Valentine's Card

And we learn more about the most powerful woman in the world. Janet Yellen has been under wraps for some time. She did not want to give any interviews, since an unguarded remark might endanger Senate confirmation. During Senate hearings,

'Time' Sends New Fed Chair Janet Yellen Early Valentine's Card

50th Anniversary of Federal Govt's Failed War on Poverty, Part One

Fifty years after President Johnson launched his “War on Poverty,” it is time to stop pretending and start doing something real for the poor. Mitt Romney said during the 2012 presidential campaign: “I’m not concerned about the very poor. We

50th Anniversary of Federal Govt's Failed War on Poverty, Part One