Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
In response to my last article on government deficits , Stefan Karlsson alerted me to an openly Keynesian analysis at National Review Online. Although Tom Nugent’s surprising piece ran back in 2004, its errors are timeless and hence worth exploding even today. CONFUSING CORRELATION WITH CAUSATION Nugent commits the standard Keynesian fallacy of