Showing posts with label pretence of knowledge. Show all posts
Showing posts with label pretence of knowledge. Show all posts
Wednesday, September 25, 2013

IMF Declares: Philippines Insulated to the Fed's Taper-Exit

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The demigod known as the IMF declares that the Philippines will be insulated from the FED’s taper and exit. Reports the Wall Street Rea...
1 comment:
Saturday, March 02, 2013

Knowledge Problem and the US Housing Bubble

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The great Austrian economist Friedrich August von Hayek explained of the fundamental reason why central planning can’t work: the knowledge ...
Thursday, December 13, 2012

Graphic of the Day: MIT Academes Govern World’s Money Policies

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Could revolving door relationships between central banks and the highly protected banking industry signify manifestations of more than ...
Saturday, November 03, 2012

On the Central Planner’s Forecasting Failures

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Do central planners have detailed or accurate knowledge about the workings of the markets and the economy?  From Bloomberg , The Ban...
Saturday, August 25, 2012

China’s Public Works Disasters

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Here is another example of the unintended nasty effects from China’s centrally planned capital-infrastructure spending boom From the Inter...
Thursday, March 22, 2012

In Defense of Insider Trading

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From Harvard Professor Jeffrey Miron (Hat tip: Bob Wenzel) Most policymakers, along with the general public, believe that insider trad...
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Sunday, February 12, 2012

Quote of the Day: Real Knowledge versus Pretentious Knowledge

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People who know what they're talking about... Almost always talk like they know what they're talking about. That's why it...
Thursday, September 08, 2011

The Negative Impact of the New Chinese Property Law

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Here is an example of how discriminatory laws can adversely affect people’s relationship. This from the New York Times , (bold emphasis mi...
Monday, April 25, 2011

Do Americans Buy Stuffs They Don’t Need?

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One of the most outrageous obsessions by the mainstream is to substitute statistics for human action then apply political correctness when i...
Saturday, March 12, 2011

Science Models Fail To Predict Japan’s Earthquake

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If you think man has acquired enough expertise to know the environment, think again. From the Washington Post , (bold highlights mine) ...
Tuesday, January 04, 2011

Quote of the Day: Macroeconomics Is Not A Science

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Macroeconomics is not a science. We don’t understand the way the economy works in any way shape or form akin to way physicists understand...
Tuesday, January 12, 2010

Reasons To Distrust Mainstream Economists

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Here is why I wouldn't depend or trust (my life) on the opinions and (most especially) the forecasts of the mainstream economists. (hat ...