Zombienomics, or Nikki Haley’s Day of Debt Reckoning

Real economics: the JMK aggregate demand graph (https://econlife.com/2017/05/priming-the-pump/)

Debt Zombie Haleynomics: Britain’s Buffett vs the Austrian Austerian

FDR’s 1937 tap on the fiscal brakes triggered a 55% stock market drop, 14% to 19% rise in unemployment. Then $5bn for public works & the war proved this cartoon wrong (https://econlife.com/2017/05/priming-the-pump/)

Let’s unpack Haley’s bundle of economic and historical illiteracy one step at a time. We’ll examine the post WWII history of US national…