Showing posts with label scientism. Show all posts
Showing posts with label scientism. Show all posts
Wednesday, October 21, 2015

Economic Myth Busted: In the US, Savings from Lower Gas Prices was Spent on even More Gas!

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Remember the popular mantra/incantation “low oil prices equals more consumer spending”? (this applies not only to the US but elsewhere incl...
Thursday, October 24, 2013

Quote of the Day: Economics isn’t, and will never be, a science

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I wonder how Chetty would use those tools to provide compelling answers to the following questions: 1. What is the expected rate of ec...
Monday, April 22, 2013

Booming Phisix-ASEAN Equities Amidst More Signs of Global Distribution

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I talked about swelling signs of distribution before my dsl connection cut me off. In spite of this week’s majestic breakaway run by th...
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Monday, March 11, 2013

Video: Peter Schiff Versus John Mauldin on US Dollar and Deficits

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The following video exhibits the extemporaneous debate between Peter Schiff and the populist analyst John Mauldin on the US dollar and defi...
Wednesday, February 20, 2013

Quote of the Day: The Ethics of Minimum Wage

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The biggest problem I have with the standard analysis of the minimum wage–on either side of the ideological divide–is that it shows a cert...
Sunday, October 23, 2011

Applying Methodological Individualism to the Financial Markets

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I recently received a suggestion for me ‘quantify’ the probabilities of my risk scenarios. While this may represent the conventional pract...
Friday, October 14, 2011

Quote of the Day: Sargent-Sims knees the groin of Hayek

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From Professor Arnold Kling on the 2011 Nobel Prize winners Thomas J. Sargent and Christopher A. Sims, (bold emphasis mine) Rational ...
Sunday, February 20, 2011

Resurgent Gold Equals Resurgent Emerging Market Bourses?

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By the way, full employment was one of the main justifications for the Reichsbank's inflationist monetary policies. So nothing has chang...