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Classic problem with left-wing economists
This article from Slate does a very decent job at explaining how bad the economic situation is and will most likely remain so for the foreseeable future. Then near the end, the classic Keynesian slip, “That is not to say that there is nothing to be done, of course, or that the current state of […]
Commodity Prices During “The Bernanke Era”
What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation. ~Ludwig von Mises
A False Dichotomy: Caused by Human Hubris
The false dichotomy of this election representing “good vs evil” has come up repeatedly in many/most of the political discussions I’ve had on fb recently. I assert this false binary occurs for three reasons: A) a failure to see a beyond stark black/white options we have created in our minds, b) the result of the […]