September 30, 2026

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

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“As I joked in one of my first blog posts, the dispute between the Monetarists and the Keynesians was resolved when the Keynesians conceded ...

Occasional X: The futile attempt to recycle MMT (CCVIII)

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“Government spending creates private-sector income.” (MMTAction) It sounds innocent, but it's a shell game. First, there is no such thin...

Occasional X: The futile attempt to recycle MMT (CCVII)

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“Government spending creates private-sector income. Every pound the state spends is a pound in someone's account. So why do politicians ...

Occasional X: The futile attempt to recycle Austrianism (CXXXII)

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Friedrich Hayek never understood profit and, by logical consequence, how the economic system works. This is self-disqualifying and is a sham...

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

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“Yet each favor and handout and protection of vested interests shifts the direction of capital and labor artificially, resulting in over-inv...
September 29, 2026

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

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“When the British colonial government in India tried to control the cobra population they ended up with more snakes than they started.” (Cre...

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

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“Calling Keynes, 'too stupid for algebra'? He got a B.A. in mathematics from Cambridge University where he was 12th best student (...