I would venture to bet that you think that the right is the moralist side of the political debate. I disagree. Americal Leftists have claimed the high ground in public policy, appealing to egalitarianism, environmentalism, and risk-aversion, in which moral positions are expressed but widely denied as having anything to do with “morality.” Conservatives, on…Details
Real money holds its value, and slowly increases in value, leading to a higher standard of life for all: The process of making fake money “is so simple that the mind is repelled,” noted the economist John Kenneth Galbraith. Is it our moral sentiments that are repelled, or is it the logic in the matter?…Details
Question: When you enter a moral universe where your scruples are blunted enough to pursue some dubious end by any number of questionable means, what prevents you, as a Keynesian economist or politician, from seeing people killed to boost your economy? Answer: Not much. As a sidenote, if you head over to Paul Krugman’s blog,…Details
From what I understand, I have been pretty terrible at posting lately. I’ll work on it!!!
Your lecture this week explains why NeoKeynesianism is an ideology b the rich, for the rich and their special interests. Hunter Lewis, ladies and gents:
Don’t miss these two links today, for a bit of current and ever-present economic analysis. EPJ (a site I check 15 times a day): Bob Wenzel, Austrian economist and blogger, was asked to give a speech at the New York Federal Reserve, to explain the Austrian theory of the business cycle and give words as…Details