Clik here to view.
Marx and Keynes were not scientists but cult leaders
When you go to a magic show you will be taken for a big ride unless you are very alert. That's the specialisation of magicians: to fool you. It requires a similar (or greater) level of alertness to...
View ArticleClik here to view.
Confusion worse confounded – the Keynesians are not yet done with their...
The Keynesian mental muddle is so self-evident from this article (from Buttonwood) that I don't think it needs any comment. But I'll make a few short comments nevertheless. These glorified jokers...
View ArticleClik here to view.
Keynes was no economist at all: a foxy Fabian socialist
There is simply no doubt in my mind that Keynes was a Fabian socialist, regardless of whether he was a member of that society or not. Fabians had a goal of INCREMENTAL socialism: socialism by stealth....
View ArticleClik here to view.
Keynes broke the first law of economics hence was a fool
For simplicity's sake I have crunched ALL of economics into just two laws (here). You understand these two laws and you understand the economic way of thinking. Keynes broke the first law (that there...
View ArticleClik here to view.
Excellent exposition of Keynesian policy disasters that have ruined the USA
Robert Genetski has analysed the financial crisis in two excellent articles (this) and (this), in October 2011. Both are worth reading. The conclusion of his second article reads: "As long as...
View ArticleClik here to view.
Why recessions have nothing to do with underconsumption
The concept of insufficient aggregate demand is strongly embedded in "modern economics". It will, however, gall most "trained" "modern" economists to know that their delusion that recessions have...
View ArticleClik here to view.
Steve Kates had predicted in 2002 that Keynesian Alan Greenspan would bring...
The more I read Steve Kates's work, the more I learn. Key elements of an excellent article by him, written in 2002, are provided below. That Alan Greenspan thinks of the General Theory as his font of...
View ArticleClik here to view.
Keynesian “stimuli” are pure bunkum. Further proof if any was needed.
Watch this very short video:
View ArticleClik here to view.
Ben Bernanke couldn’t recognise signals obvious to others. How can he help...
Watch the first few minutes. This was news to me (although this is very old!)
View ArticleClik here to view.
Why is Keynesianism so popular among “economists”?
Saurabh has asked a good question: Why is Keynesianism so popular? Here's my attempted response. Happy to receive any other thoughts. Keynesianism has the advantage of providing mathematical “tools”...
View ArticleClik here to view.
Meghnad Desai, from the Labour (Fabian Socialist) Party – no less, decries...
Meghnad Desai (formerly of the London School of Economics) spoke at the Melbourne University a few years ago. I came out feeling that he was a sensible person, despite being a Fabian Socialist (Labour...
View ArticleClik here to view.
“I am not, nor will I ever be, a Keynesian”. And I agree.
I came across Richard Epstein’s article in Spring 2010 edition of the Harvard Journal of Law & Public Policy, entitled, ‘Why I will never be a Keynesian’. Fortunately, this article is publicly...
View ArticleClik here to view.
The melting pot of the world is now ready for a MASSIVE melt down
This article in The Australian today is mind-boggling. If true (and I have no reason to doubt the facts it cites), then the world is in for a huge shock in the coming years. Maybe sooner than we...
View ArticleKeynes broke the first law of economics hence was a fool
For simplicity's sake I have crunched ALL of economics into just two laws (here). You understand these two laws and you understand the economic way of thinking. Keynes broke the first law (that there...
View ArticleExcellent exposition of Keynesian policy disasters that have ruined the USA
Robert Genetski has analysed the financial crisis in two excellent articles (this) and (this), in October 2011. Both are worth reading. The conclusion of his second article reads: "As long as...
View ArticleWhy recessions have nothing to do with underconsumption
The concept of insufficient aggregate demand is strongly embedded in "modern economics". It will, however, gall most "trained" "modern" economists to know that their delusion that recessions have...
View ArticleSteve Kates had predicted in 2002 that Keynesian Alan Greenspan would bring...
The more I read Steve Kates's work, the more I learn. Key elements of an excellent article by him, written in 2002, are provided below. That Alan Greenspan thinks of the General Theory as his font of...
View ArticleKeynesian “stimuli” are pure bunkum. Further proof if any was needed.
Watch this very short video:
View ArticleBen Bernanke couldn’t recognise signals obvious to others. How can he help...
Watch the first few minutes. This was news to me (although this is very old!)
View ArticleWhy is Keynesianism so popular among “economists”?
Saurabh has asked a good question: Why is Keynesianism so popular? Here's my attempted response. Happy to receive any other thoughts. Keynesianism has the advantage of providing mathematical “tools”...
View Article
