In my latest column for the Freeman Online, I differentiate (in 700 words) between consumption and spending. The Keynesians (and Krugman groupies) see spending as mechanistic and necessary so we can repeat the circular "economy" in which we make stuff, put it on the shelves, and then "spend" so that we can clear the shelves so that people will have something to do: make more stuff to put on the shelves.
There are a number of other excellent articles as well. Wendy McElroy looks at the attempts by Sen. Harry Reid to effectively "federalize" the local police, thus making them even less accountable than they are now. Sheldon Richman comments on the latest "re-regulation" of the financial sector, and Steven Horowitz examines Austrian capital theory.
Have a great weekend.