Speaking of World Economies..

this is too funny. But it is the exact nonsense that the mainstream economists maintain is true & practical and subsequently use to justify dangerously inflationary centrally-planned economies: As I said yesterday, Karl Marx wouldn’t touch these Keynesian economic theories with a ten foot pole, because he knew that rigged capitalism was no capitalism at…

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PraxGirl, Part II

On Methodology, which is an important issue of contention among economists:In economics, many accuse Austrianism as being a pseudoscience, because it is not empirical. It isn’t and any proponent of the economic theories of Austrianism knows that deductive logic is the weapon that is used for all theory. But people act as if not being…

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If the Media Were Politically Responsible…

they would ask presidential candidates and themselves some of the 50 questions given recently on LewRockwell.com. How interesting the answers would be: 1 (a.)All of you who use an income tax preparer, raise your hand.(b.) If you (who raised hands) can not prepare your own taxes, how do you propose to run the country? 2.…

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I Am in LOVE

With Praxgirl, who is breaking down praxeology – that is, economics based on human choice – such that you can understand why the central planning of today is failing us. Here, she starts with the VERY basic intro…: Watch the next episode on her blog, or her youtube channel. Or you can wait. I promise…

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"Low Taxes Create Jobs" = Fallacy

It is a common contention among conservatives that low taxes create jobs. Classic trickle down economics at its simplest. Meanwhile, liberals look at the Bush tax cuts and say that it isn’t true. Both sides are partially correct, but it is where they are incorrect that it matters. I don’t have much time to dispel…

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