As @WorMartiN would eventually explain, most all sophistry and pseudoscience (including most of the ‘Austrian as well as ‘Keynesian dogmas) is dependent upon such incomplete statements (sentences, formulas). This is one of the core anti-pseudoscience logics that we teach.
Source date (UTC): 2021-06-30 14:38:13 UTC
Original post: https://twitter.com/i/web/status/1410246298679271436
Reply addressees: @Lord_Keynes2
Replying to: https://twitter.com/i/web/status/1410245795526414345
IN REPLY TO:
Unknown author
@Lord_Keynes2 So the reason LK2 is mistaken is that MU is an incomplete statement open to suggestion (an unbalanced formula), and as such fails to account for novelty, and novelty (+acquisition) is not produced by prices alone – only upon expansion of MU to a general rule of behavior.
Original post: https://x.com/i/web/status/1410245795526414345
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