June 11, 2026

Occasional X: The foul spirit of political economics (CCLXXVIII)

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“Keynes, in The General Theory of Employment, Interest and Money, set forth a hypothesis which was a beautiful one, and it really altered th...
June 10, 2026

Occasional X: The history of economic thought is the history of scientific failure (XLIV)

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“… but that’s bookkeeping, not causation. ” (MacroMadeSimple) (i) That's one of the dumbest sentences in economics. The speedometer show...

Occasional X: Paradigm Shift (CXVIII)

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I have summarized 7,354 posts, 78 papers, and 1 book in the table below. ⇓ If you still do not understand economics, your last hope is an ex...

Occasional X: Clueless economists / Profit (CLIII)

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“History shows capitalism generated profits and rising living standards long before chronic deficit spending.” (MacroMadeSimple) History sho...

Occasional X: The foul spirit of political economics (CCLXXVII)

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  “Venice built a Republic that lasted 1,100 Years. The United States is about to turn 250 years old.” (Students for Liberty) Historically ...
June 9, 2026

Occasional X: The foul spirit of political economics (CCLXXVI)

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“John Maynard Keynes lived as a quintessential elitist who despised the very people his theories claimed to help.” (Handre) Keynes, too, mis...

Occasional X: Clueless economists / Distribution, Inequality (XIX)

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“In 1879, JP Morgan paid a man to invent the lie that is the foundation of modern economics. A billionaire [Nick Hanauer],who helped start A...