Keynesian
QOTD — Keynesianism
A deservingly disrespectful view of Keynesian Economics was penned by Andy Sutton. It deserves reading. For those short of time, the following quote will suffice: … Keynesianism was and is nothing more than a short-term shuck and jive to paint the picture of growth where there was none. To create the illusion of recovery where [...]
The Country Is Over
Data are hard to deal with when your vision is on the wrong side of it. Those wanting to claim there is a recovery underway are having just this problem. These people either have no understanding of economics or they believe falsely that they can inflate “animal spirits” with their hyped reports and that will [...]
David Stockman Alienates Both Ends of The Political Spectrum
David Stockman wrote an intriguing article which appeared in the NY Times. That it appeared in the Times is noteworthy itself, for it contradicts so many liberal shibboleths the paper has supported (promoted) for many years. Its appearance is less likely to reflect the first steps to Damascus and may be a sign of financial [...]
Government Treating Cancer With Aspirin
There are times someone makes a point or points you have tried to make for years and you are captured with their succinctness. It is what you have been trying to communicate but seems to be done so easily and skillfully. For years I (and others) have argued that what the Federal Reserve was doing [...]
For Simple-Minded Keynesians
For those who haven’t yet grasped the uselessness of government policy, please read Charles Hugh Smith’s simple fourteen point explanation below. It details the steps government has taken, why they are failing and why the middle and poorer classes must get poorer. It also suggests that we are close to the end of the Ponzi [...]
The Zombie Economy Is Dying
It is easy to rant about the economic condition of this country and the world. It is, quite simply, horrible and terminal. The US economy, like a zombie, staggers around half alive and half dead in its own special purgatory. The other developed social welfare states of the world are in similar condition. This blog frequently [...]
Playing Financial Chicken In Your Golden Years
My generation, born during or near post World War II, has been quite fortunate. Those of us lucky to have been born in the US during this period hit a sweet spot of both place and history. The economy thrived, standards of living soared and many avoided the numerous wars that dominated the Twentieth Century. [...]
The Beast Is On The Prowl
As the economic collapse approaches, be aware that government will become more desperate and resort to measure(s) that will enable it to survive. The myth of government as a good, necessary and positive force in society is coming unraveled. To understand how we got to this point, it is useful to review some economic history.. The [...]
Idiots Rule The Country
The insanity that is our Federal government and their lackies at the Federal Reserve apparently is unlimited. Janet Yellen, Vice-Chair of the SF Federal Reserve is the latest example of the idiocy. Apparently she is vying for the Paul Krugman Stool of Economics if any university is foolish enough to create one. Here is Joe Wiesenthal's [...]
Economist as Monkey With Typewriter
Ludwig von Mises, Frederich Hayek and other Austrians believed in the foolishness and errors inherent in attempting to macromanage an economy. None, however, expressed their objections quite as colorfully as Seth Klarman: QOTD: "Modern economies are too complex to be reliably modeled; their connections and correlations are loose and imprecise, the second- and third-order effects [...]
david yard
RICHARD RALPH ROEHL
Syrin
Connect
Connect with us on the following social media platforms.