“We are Forerunners. Guardians of all that exists. The roots of the Galaxy have grown deep under our careful tending. Where there is life, the wisdom of our countless generations has saturated the soil. Our strength is a luminous sun, towards which all intelligence blossoms… And the impervious shelter, beneath which it has prospered.”

Domain Query: Of models and madness

FrancisBegbie had a request regarding my recent post about the manner in which economies conduct seppuku: Economics is pretty simple in a lot of ways, and cannot be modelled with bullshit models. I’ve taken looks at some of them econometrics models and...

The Church will survive a bad pope

There has been some considerable gnashing of teeth among the American right after the recent release of Pope Francis’s first ever papal manifesto- and it’s not hard to see why: “Today everything comes under the laws of competition and the survival of...

How economies die

A recent article over at Mises.org jogged my memory about the way in which an economy commits suicide: Imagine that Cuba and North Korea became, overnight, the two most free-market, limited-government countries in the world. The two countries would have immediately...

A completely predictable fiasco

That’s what Obamacare has been so far: Health insurance companies have already notified at least 3.5 million Americans that their plans are being cancelled as a result of Obamacare.  That number, reported Monday by the Associated Press, is the latest data...

Defining Curie-Hultgreen Syndrome

Given that we are apparently only months away from seeing the first ever female Chairman/woman/person (who really gives a toss about the politically correct nomenclature when it comes to the creature from Jekyll Island?) of the Federal bloody Reserve, I think...

Didact’s Book Club

pumpsix has a question on one of my favourite subjects- books: Just wondering, can you recommend a book on the economic battles between USA and USSR? (Also, off topic, do you know of any good books on economic history? I have New Ideas from Dead Economists and The...

Of Wolves and Rabbits

The Elusive Wapiti has an interesting article up in which he references a recent study that argues that, basically, Western society has gotten significantly stupider over time to draw some interesting conclusions: Certainly their theory has superficial merit, for it...

The Keynesian’s Bible

Courtesy of ZeroHedge: Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook Share on LinkedIn (Opens in new window) LinkedIn Share on WhatsApp (Opens in new window) WhatsApp Share on Telegram (Opens in new window) Telegram...

Choose Your Major Carefully

My sister and I are very close, but in many ways we are as different as chalk and cheese. In no respect is this more true than in our choices of colleges and majors, and in our post-college careers. Speaking with her earlier today, I came to realise that Aaron Clarey-...

Domain Query: On Reaganomics

pumpsix returns with a good question on the Reagan Revolution: What do you think of Reaganomics? The idea, to me, seems so logical. More capital in the hands of those who can produce factories and jobs. However, I am constantly told that Reaganomics didn’t work....