Consider this description of an economic system: “The economy is collectively managed by employers, workers and state officials by formal mechanisms at the national level. This non-elected form of state officializing of every interest will reduce the marginalization of singular interests. The system will recognize every divergent interest into the state organically, not meaning a […]
Elizabeth Warren’s Plan — We’ve Seen This Before Read More »
Economist Richard Ebeling at FEE: “The Damage Still Done by a Defunct Economist”: “Keynes helped undermine what had been three of the essential institutional ingredients of a free-market economy: the gold standard, balanced government budgets, and open competitive markets. In their place Keynes’s legacy has given us paper-money inflation, government deficit spending, and more political
Keynes’s continuing destructiveness — Ebeling’s and my evaluations Read More »
Marxism as “scientific socialism” and what happens when the scientific data fail to cooperate. For more, here is the full 2018 lecture at the University of British Columbia.
How Failed Marxist Predictions Led to the Postmodern Left — lecture excerpt Read More »
Ontario’s financial debts, as of 2018: “Ontario’s debt has ballooned to $312 billion, the biggest debt held by a subnational government anywhere in the world. Ontario owes twice as much as California, which has a population bigger than all of Canada.”[1] Enron’s debts as determined by its bankruptcy proceedings: “The company paid its creditors more
The Moral of Two Scandals — Enron and Ontario Read More »
Some data for my class discussions of wealth and poverty: Source.
Famine by social system, 20th century chart Read More »
13 Thesen zum liberalen Kapitalismus in 13 Minuten Much thanks to Christoph Petzold, Ilona Rossa, and Alexander Fürstenberg for publishing this German translation of my “13 Arguments for Liberal Capitalism in 13 Minutes”. Here is a click-to-enlarge version of the flowchart of the arguments: The flowchart with German subtitles is here in PDF. Here also
13 Thesen zum liberalen Kapitalismus in 13 Minuten Read More »
[In preparation for a conference, I’m reading a lot about population, ethics, and economics. Extrapolating from my readings, I offer the following arguments.] 1. Capitalism is about greed. It encourages women to be greedy too. So women will pursue careers and forego family. Hence capitalism causes population decreases. 2. Capitalism is about consumerism, so people
The population evils of capitalism Read More »
David Weinberger beats up on Keynes’s economics here: “despite numerous experiments since the 1930s, never has Keynesian policy precipitated a peacetime economic recovery.” And I beat up on Keynes’s politics here: “Keynes was not merely recommending a few surgical interventions to smooth out cycles or to jump-start moribund economies. Keynes’s economics are part of a
Keynes: bad economics and bad politics Read More »