February 27, 2026

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

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“Government spending cannot create additional jobs.” (Ludwig von Mises) Yes, it can. von Mises never understood profit, and by logical conse...

Occasional X: Clueless economists / Money (CVI)

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“Wheelbarrows cause hyperinflation” (Tim Worstall) Because macroeconomics is provably false, the Theory of Money is false. ⇓ Monetarist econ...

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

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“When Marx was presented with the first systematic critique of his work, namely the Marginal Revolution, he simply quit writing and devoted ...

Occasional X: Clueless economists / Models (III)

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“Moreover, economic models are not intended as literal descriptions of reality. Lots of R2=1 predictions in them. So calibration and evaluat...

Occasional X: Economists and their silly prediction games (III)

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“The economy depends about as much on economists as the weather does on weather forecasters.” (Jean-Paul Kauffmann) Fortune telling/prophesy...
February 26, 2026

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

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“As a lawyer I enjoy seeing how economics too is a hermeneutic practice.” (JuanMAC) Both mainstream and heterodox economists never had any i...

Occasional X: The futile attempt to recycle Milton Friedman (XLXI)

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  “Human and political freedom has never existed and cannot exist without a large measure of economic freedom.” (Milton Friedman Quotes) Th...