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 [...]
Tag archives for Economics
Hippocrates Was Not An Economist
The continuing optimism reported regarding an economic recovery is growing old while the economy does not grow at all (or at rates well below normal). The recession was declared over in June 2009. In light of what has happened and where we are today, does that seem credible? You don’t have to be too old [...]
The Psychotic Fed
Whether it is growing older and less patient or whether the world is actually becoming more stupid is an issue I wrestle with periodically. I suspect it is a bit of both. Here is an example of the nonsense that increasingly riles me. This snippet comes from a Reuters report available at CNBC: Dramatic action by [...]
Keynesian vs. Austrian Economics
This guest post is from Chris Ferreira. It is a simple comparison of Austrian Economics with so-called mainstream economics: Keynesian vs Austrian Economics Austrian Economics is the oldest continuous school of economic thought. Founded in 1870, its roots date back to the early 18th century. It is thus the oldest, smallest, and, thanks to the economic [...]
Common Sense Videos — Hayekian Economics and Influence
The return of the views of Friedrich Hayek (and his mentor, Ludwig von Mises) are becoming fashionable once again as a result of the continuing financial crisis. This video from the BBC discusses his economics in contrast with the Keynesian views that have created this crisis. The roots of the current crisis can be tracked [...]
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