real economics
Monday, September 25, 2017

Do the Leisure Class pundits know how anything works?

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It's a damn chore to keep track of the Predator Class economic arguments. Which is why I am so grateful that Bill Black takes the time ...
Saturday, September 23, 2017

Exxon-funded climate science

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While most environmentalists tremble in rage over the fact that Exxon knew a very great deal about climate change already in the 1970s yet ...
Monday, September 18, 2017

The German auto giants face an existential challenge

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A few weeks back, a friend of mine bought himself a used Nissan Leaf. Even though it is fully electric, this car is a long way from being...
1 comment:
Friday, September 15, 2017

Big dirty ships make "free" trade economically possible

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Ever since the steam guys figured out that it was possible turn heat into motion, folks have been figuring out the thousands of application...
Monday, September 11, 2017

Who murdered the peace movement?

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In the essay below, Paul Craig Roberts asks a damn good question, "Who murdered the peace movement?" when discussing the current ...
2 comments:
Monday, September 4, 2017

Stone on USA "intelligence"

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As hurricane Harvey dumped up to 52" on parts of Texas, our elected officials ponder the grave and soul-searching question "Is my...
Monday, August 28, 2017

McCoy on the CIA

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McCoy is a Yalie who not especially surprisingly got involved with the intelligence services.  Skull and Bones is at Yale and the bright ...
Tuesday, August 22, 2017

The total triumph of the idiot classes

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The absolute WORST feature of Identity Politics is that it trivializes everything. There are BIG problems like climate change, the fact tha...
Monday, August 21, 2017

Neoliberalism—the catastrophic idea that won the day despite being wrong about everything

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1973 turned out to be the major economic watershed year for most people alive today. Because that was the year that the pro-growth assumpti...
Friday, August 18, 2017

A German (DW) update on climate change

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Climate change is a BIG issue around here—not that you would know it from the paucity of reporting on the subject. My excuse is that there ...
Monday, August 14, 2017

Donald Trump confronts the War Party

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David Stockman is the sort that can easily inspire conflicting emotions. He is obviously very bright—he was the boy wonder head of Reagan...
Wednesday, August 9, 2017

China and rare earths

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Perhaps THE most annoying thing about the economics profession is that they are extremely bright people with extraordinary math skills who ...
Monday, August 7, 2017

Sanctions—economics at its most destructive

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Using economics to destroy is perhaps the sickest manifestation of the dismal "science." This is mostly because sanctions only r...
2 comments:
Sunday, August 6, 2017

Elon Musk on education

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Producer Class superstars are sort of a freak of nature. The overwhelming majority of folks who become rich and famous are resolutely Leisu...
1 comment:
Wednesday, August 2, 2017

The Circular Economy—still one of the great ideas

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One of the lightening bolts of insight that staggered me as a man in his 30s was the idea that because there is no "away" the thr...
2 comments:
Monday, July 31, 2017

Globalisation: the rise and fall of a truly terrible idea

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There is a certain beauty and nobility about the idea that we are the world and wonderful things happen when we think of the rest of humani...
Monday, July 24, 2017

The economics of waste

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There is no particular reason to believe that Charles H. Smith is a Veblen scholar or that he has even read The Theory of the Leisure Class...
Friday, July 21, 2017

Re-upping my Producer Class credentials (again)

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The main reason for do-it-yourself home repair is that you can have something in your life that is unaffordable any other way. Pictured...
4 comments:
Thursday, July 20, 2017

According to the Guardian, "How economics became a religion"

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If there is one position I have maintained for as long as I have been writing this blog it is that, "Far from being a science, convent...
1 comment:
Sunday, July 16, 2017

R.L. Bruckberger on American School Economist Henry C. Carey

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Last month I posted a large article on American School Economist Henry C. Carey, The only economists who ever created a national economy . ...
Friday, July 14, 2017

Tucker Carlson destroys Max Boot

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Tucker Carlson used to drive me into fits of rage. So now he has a gig at Fox News and suddenly, he has almost become a voice of reason. Ye...
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