Fiscal phonieswe find that bringing down government budget deficits even with the hocus pocus of flimflam projections of known ...  Read More

Fiscal phonieswe find that bringing down government budget deficits even with the hocus pocus of flimflam projections of known charlatans is more important than bringing down high levels of unemployment for real people  Read Less

The dispositive historical antecedent is the great depression

The dispositive historical antecedent is the great depression  Read Less

The fallacious argument is that material inequality is caused by declining values and scoial pathologies

The fallacious argument is that material inequality is caused by declining values and scoial pathologies  Read Less

Inequalityno serious person advocates for pure or absolute material equality but the most pernicious effect of radical inequali...  Read More

Inequalityno serious person advocates for pure or absolute material equality but the most pernicious effect of radical inequality is the loss of a sense of shared reality or the notion that we all have something in common by living in a shared society  Read Less

The economics profession entertained idealized myths such as selfcorrecting market mechanisms perfect information efficient mar...  Read More

The economics profession entertained idealized myths such as selfcorrecting market mechanisms perfect information efficient market rational actors and perfect competition all dressed up in fancy wanttobe physicist mathematics  Read Less

Socalled rigorous mathematical economic models only work when over simplifying assumptions are made about the inputs that repre...  Read More

Socalled rigorous mathematical economic models only work when over simplifying assumptions are made about the inputs that represent that state of human existence and interaction such as perfect competition the longterm equilibrium rational actors rapidly clearing efficient markets utility maximization  Read Less

Instead of nearfrictionless transactions we have high costs of doing business because transferring a bitcoin or other cryptocur...  Read More

Instead of nearfrictionless transactions we have high costs of doing business because transferring a bitcoin or other cryptocurrency unit requires providing a complete history of past transactions  Read Less