Author Archive
Krugman Admits His Model Has Been Wrong Since Great Depression
Them’s fighting words, huh? It’s not worth summarizing; if you are into this stuff, click the link and read.
Read moreDavid Stockman on Debt-Fueled Growth
From a recent post at David Stockman’s blog: “Monetary central planning is failing to achieve Keynesian “escape velocity” because it has deeply impaired the engines of capitalist enterprise. Nowhere is this more apparent than in the grotesque financialization of American business that has occurred since the 1980s. As usual, this deformation is rooted in the […]
Read moreMoney Doesn’t Really “Go Into” Other Financial Assets
This is one of those posts where I’m really nit-picky about commentary that typically comes from people on “my side.” Not trying to tear people down, just trying to raise the bar on precision of language. An excerpt: [A] booming stock market doesn’t actually mean that there is an accumulation ofactual money in Manhattan. For one […]
Read moreAbout That Intriguing Solar Panel Map Floating Around Social Media…
Did you catch this neat-o graphic a couple of weeks ago? The total area of solar panels it would take to power the world, Europe, and Germany: If you wanna see what’s wrong with this kind of demonstration, see my post.
Read more“But Without the State, Who Would Lay the Tracks?”
Radical libertarians who spend a lot of time online (or do I repeat myself?) have developed a joke where they will say in parody, “But who will build the roads?” (Some of the Images in this Google search are funny, but your mileage may vary. Pun intended.) For a more recent example of when I […]
Read moreAdam and Jesus
Going along with last week’s post, let me just extend the discussion. Looking at various portions of Christian doctrine in isolation, they seem nonsensical. However, putting them together yields at least a symmetry. I don’t expect this post to resonate with agnostics or atheists, but it may click with some Christians who have never thought […]
Read moreMore on FDIC
I wrote up my stance more at LibertyChat. The conclusion: FDIC as implemented thus gives us the worst of both worlds: It lulls depositors into a false sense of security, so that there is little market discipline reining in reckless lending by the banks. Yet at the same time, given that the system is pushed […]
Read moreArgentina: Another In a Long Line of Keynesian Blogger Success Stories
An excerpt from my latest Mises CA post: This sort of thing happens a lot with Keynesian policy recommendations. In addition to this latest episode involving Argentina, let’s not forget that Krugman in 2002 infamously called for a housing bubble (and then later tried in vain to walk it back). That didn’t turn out too well. Also remember […]
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