http://hayekcenter.org/?p=4608If PK studied the history of economic thought, he would be rapidly confronted by the realization that the abstract methodology that he relies upon, and the ocean of data he has used for his analyses, is the record of, and methodology of, a ‘special circumstance’ of temporary economic conditions, and that his short term methodology is incongruous with the anglo political model that is the source of western political s
Source date (UTC): 2011-03-29 22:46:00 UTC
http://www.capitalismv3.com/?p=2439Property rights are indeed the basis for prosperity. However, property rights are an institution that is created by the application of organized institutional violence. This fact is usually lost of ideological libertarians.
Source date (UTC): 2011-03-28 14:25:00 UTC
http://www.capitalismv3.com/?p=2427a) “Is adam smith … an econometrician, or a moral philosopher?” He is a moral philosopher. b) “Is adam smith … an economist or an econometrician?” He is an economist. c) “Is an econometrician an economist?” The answer is “No.” An econometrician is a statistician that works with economic data.
Source date (UTC): 2011-03-26 01:15:00 UTC
http://www.capitalismv3.com/?p=2425I’m coining a new term. Doolittle’s law: The minute someone mentions Sweden in an economic argument, you know that they’re analysis is wrong.
Source date (UTC): 2011-03-26 01:14:00 UTC
http://krugman.blogs.nytimes.com/2011/03/25/deficits-and-the-printing-press-somewhat-wonkish/Agreed that we need stimulus. Agreed that we can finance the debt.The question on the right, is rather, “How can we insert that money into the economy without subsidizing the bureaucracy, and instead, creating a competitive advantage for our business community, which will then create profits from which we can extract taxes to pay for our borrowing?”So, unless your argument consists of BOTH the explanation of financin
Source date (UTC): 2011-03-25 21:57:00 UTC
http://bit.ly/ePQU0SYes. But a) Wealth is not the same as cash, and is not the same as income. The money is largely held as debt which is in use and recirculated in the economy. Which means it is being USED by people outside the upper 5%. Money does not make more money unless it is invested. It actually depreciates. So it has to be invested and used by you and me. b) What percent of the knowledge and skill required to make use of that
Source date (UTC): 2011-03-25 12:35:00 UTC
http://www.bbc.co.uk/news/science-environment-12811197Well, this begs the question of what classifies a system of narrative myths and values as a religion?
I would argue that Democratic Secular Humanism is a mythology predicated on a faith in the logically false use of probability, statistics and equilibria in economics as a source for policy. As such it is no less silly than belief in an omnipotent being. And it’s probably more dangerous.
Source date (UTC): 2011-03-22 19:57:00 UTC
I think I am the luckiest guy in the world.
Source date (UTC): 2011-03-22 19:51:00 UTC
http://politicalticker.blogs.cnn.com/2011/03/21/trump-i-screwed-gaddafi/The point he’s making is that we are getting ‘screwed’ around the world all the time, and that we need to stop giving away our future.
Source date (UTC): 2011-03-22 09:07:00 UTC
http://www.industrygamers.com/news/valve-disappointed-in-ad-agencies-for-marketing-almost-worthless/An honest appraisal. Now, the fact that Valve owns their own client base and distribution system, and that as a game company they have strong creative and storytelling, makes them an uncommon client. But the criticism stands.
Source date (UTC): 2011-03-18 10:02:00 UTC