Our (my) position is that the fundamental problem is not accounting for capital, and the relative lack of mathematical comprehension of economists given the sale of the order, and levers of policy available to the polity.
Source date (UTC): 2021-06-30 14:49:33 UTC
Original post: https://twitter.com/i/web/status/1410249151523266561
Reply addressees: @WorMartiN @Lord_Keynes2
Replying to: https://twitter.com/i/web/status/1410248732797452295
IN REPLY TO:
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@WorMartiN @Lord_Keynes2 Correct. Austrian econ = rule of law. Chicago = Rule of Law Insured by the State. Keynesianism = Arbitrary Rule By Man. New Keynesianism = trying to find an excuse to justify rule by man by finding microfoundations to do so 😉 So in effect, this series describes a spectrum.
Original post: https://x.com/i/web/status/1410248732797452295
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