August 20, 2025

Occasional X: Clueless economists / Money (XLIII)

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#Economics #AllYouNeedToKnow #Money If you find some spare time with your surprisingly many visitors, you may want to make some scientific p...

Occasional X: How it works (CCCLXXXVII)

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  #Economics #AllYouNeedToKnow “President Trump and I are laser focused on paying down the debt. Tariff revenue could top $300B this year, ...
August 19, 2025

Occasional X: The futile attempt to recycle Keynesianism (LXXIX)

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#Economics #AllYouNeedToKnow “How can I accept a doctrine which sets up as its bible, above and beyond criticism, an obsolete economic textb...

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

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#Economics #AllYouNeedToKnow “If socialists understood economics, they wouldn't be socialists.” (Friedrich Hayek) “If Austrians understo...

AI: boosting scientific competence in economics (I)

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Conclusion Legacy Economics’ Failure: The mischaracterization of profit as a flow rather than a balance, as seen in GDP accounting and mode...
August 17, 2025

Occasional X: How it works ― the central bank as profit pump (III)

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#Economics #AllYouNeedToKnow “The incentives aren't there - ever - to do a very good job. That's kind of what happens at the Fed.” (...

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

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#Economics #AllYouNeedToKnow “We are reclaiming liberalism” (Students for Liberty) Ludwig von Mises never understood profit and by consequen...