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Category Archives: Econoclasm
Critiques of economic sacred cows and religious gurus
MMT, Helicopter Money and Monetary Socialism
Previous blog posts on modern monetary theory (MMT) and helicopter money have led to the following interview with John Adams and Martin North of Digital Finance Analytics, shown on the YouTube channel In The Interests of The People:
Economic Charlatans of Modern Money
Before the latter parts of the nineteenth century, no one understood the origins and causes of diseases, because the ideas of germs and bacteria were not fully conceived. Medicine was not science. There was no systematic account of diseases or … Continue reading →
Economic Pluralism and Science
To be useful, constructive criticism should be given to the person expressing the erroneous ideas. However, the blog editor of Real-World Economic Review (RWER), who is a leader and protagonist in the movement for economic pluralism, has refused to publish … Continue reading →
Keynesian Black Holes
The previous post suggests that the US economy may be in a Keynesian black hole. Many other countries around the world are also likely to be in Keynesian black holes. The danger is that the larger black holes will cannibalize … Continue reading →
Fiscal Stimulus of Consumption
The global financial crisis (GFC) has been in temporary recess since its break in 2008, but has recently metastasized into a more dangerous form. Extreme real-time experiments are being forced on many economies without sufficient scientific justification. The extreme measures, … Continue reading →