What the New Nobel Winners Get Wrong about Economics
The new Nobel winners apparently think we can discover economic laws by crunching numbers. That's not how it works.
The new Nobel winners apparently think we can discover economic laws by crunching numbers. That's not how it works.
During August 2021, year-over-year (YOY) growth in the money supply was at 8.2 percent. That's down from July's rate of 8.9 percent, and down from the August 2020 rate of 37.5 percent.
The 2021 Nobel Prize in Economics has been awarded to Berkeley's David Card, MIT's Josh Angrist, and Stanford's Guido Imbens for their work on "natural experiments," a currently fashionable approach to estimating the causal impact of one economic variable on another.
It is, ironically, antiscience to ever declare that science is settled. Since man is not omniscient, the future will forever remain unknown, and more data can always falsify current scientific laws.
After 9/11, the security establishment was giddy about embarking on a global democratic crusade against any nation that did not submit to the US’s liberal hegemonic order.
Anyone with a conscience can easily see that assassinating Julian Assange would be just plain murder. Yet, the reaction to all this from the mainstream press has been one great big collective yawn.
It is important to get some much-needed context when examining a disease which is being used to justify unprecedented increases in state power and violations of human rights.
Biden's spending plan is presumed to be costless, because it will not increase the national debt and since it will be paid for by imposing $2.1 trillion of higher taxes on those designated as "rich."
"Praxeology … does not deal in vague terms with human action in general, but with concrete action which a definite man has performed at a definite date and at a definite place."
While the US was able to give the Soviets a bloody nose by pouring billions into the mujahideen, it’s undeniable the US created a Frankenstein's monster that ended up turning on its creator.