July 31, 2026

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

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“Sometimes it amazes me how smart Friedman was despite having such retarded prioris. With his IQ level and math knowledge that he had he sho...

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

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“Modern mass democracy, especially when coupled with bureaucracy, creates uniquely powerful incentives for the production, consumption, and ...

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

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“Government creates the inflation, then blames the market.” (Milton Friedman, quoted by The Atlas Society) Milton Friedman never understood ...

Occasional X: There is an absolute limit to the growth of public debt (V)

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“Interesting new research by Barry Eichengreen et al.: governments undertake fiscal consolidation not when public debt is high, but when deb...

Occasional X: Clueless economists / Profit (CLVII)

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“My firm is robots only, with no human living labour, and I produce suplus and profit....where does that come from? If not by living labour ...

Occasional X: Econ 101― still proto-scientific garbage (XIX)

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Sales promotions don't help. Economics has been failed/fake science since the founding fathers. It has defined itself as a social scienc...

Occasional X: Clueless economists / Money (CXLIX)

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“The scandal of the free banking era: you couldn't be sure bank notes were backed by gold.” (infineo, quoted by Robert Murphy) The idea ...