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June 2011



Math without Theory is useless: Sandeep Jaitly

June 27, 2011 – Comments (5)

Max Keiser asks Sandeep Jaitly about the Austrian School of Economics.  Very nice clip.  Max is trying, but he gets it wrong.  Economics has nothing to do with psychology.  There is a very definite line.  The Austrians are not trying to reinvent Freud.    [more]



Another Excellent Qoute

June 23, 2011 – Comments (11)

"For someone who has no real interest in challenging government claims or undermining official actions, these policies will have no direct, perceptible effect.  It's always true that those who are supportive of institutions of authority or who otherwise have no interest in challenging them are never targeted by measures of this sort; why would they be?  That's why supporters of all Presidents -- Republicans during the Bush years and now Democratic loyalists under Obama -- are rarely disturbed by such developments." - Glenn Grenwald,  [more]



Repudiating National Debt Will Happen Whether You Like It Or Not

June 22, 2011 – Comments (17)

Governments have all kinds of bad ideas.  They're like Bad Idea Factories.  Oh sure, I concede that every now and then a good idea gets churned out, but they're hard to notice under the avalanche of bad ones.  [more]



When I Say Empty Suits and Empty Skirts

June 18, 2011 – Comments (12)

I'm talking about people like Bill O'Reilly and Ann Coulter.  [more]



If It's Not Stagflation Now, It Never Was

June 17, 2011 – Comments (12)

Did we have stagflation in the 1970s?  Does everyone agree on that?  Then we have stagflation now.  Because if you calculate the CPI today in the same methodology it was calculated in the 1970s, it is running at 11.2%.  Combine that with slow growth and high unemployment, shake it up and stir, and what do you have?   The same exact combination from the 1970s.  [more]



What We Know and What We Don't Know

June 10, 2011 – Comments (17)

This could be a part 1 of many, but I promise they will all be brief.  [more]



Keynes, The Man

June 06, 2011 – Comments (25)

The conversations on CAPS occur so organically and that makes it fun.  Clearly the last couple of days the big topic is the unraveling of the phony recovery and how much blame should be laid at the feet of Keynesianism.  But first, we should learn more about Keynes.  Strap yourself in and enjoy the ride. :)  [more]



It's A Bit Out Of Control - Soviet Style - Isn't It?

June 03, 2011 – Comments (96)

How I Escaped Mainstream Economics   [more]



A Most Perfect Quote

June 02, 2011 – Comments (15)

"An enervated, spiritless people is far less likely to rise up against parasites who live off their labor, even when that regime is exploiting and robbing them blind, if they have been conditioned to believe that they cannot live any other way." - Thomas E. Woods, Rollback   [more]

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