Tuesday, January 27, 2009

Keynesian 'Animal Spirits' Is Unscientific, To Say The Least!

In contrast to the Keynesian concern about 'animal spirits' we subjectivists are focused on the human spirit and its purposeful action.

This explains why Keynesianism devolves into socialism and communism and the characteristics of bare subsistence common in the animal kingdom. Of course the ego-driven interventionists in charge live large off of the flock.

The empiricists have abandoned the human sciences for the sake of an erroneous methodology and it shows!

Keynes and his 'animal spirits' are a disgrace. There is nothing scientific about it. That is obvious to anyone with any knowledge of the words in our language and any knowledge of what science means! And it is obvious to those of us who are scientifically trained.

This is an ethics issue. Those who claim to be scientists but incorporate 'animal spirits' into their work are unethical. It is as simple as that!

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Tuesday, December 16, 2008

What Does the Zero Percent Interest Rate Mean?

Bernanke + Krugman = Zero!



Zero interest rate: In the 1990's Krugman advised Japan to go to a zero interest rate or even to go negative! Bernanke can fulfill his wildest dream of becoming helicopter Ben once the interest rate is zero because then he has only the one option - massive 'liquidity' by dumping titanic amounts of dollars as if dropping them from a helicopter.



Bernanke + Krugman = Zero!



Zero knowledge of economic science. Their training is as empiricists but in a field that is subjective. They are like androids with little common sense and no human sensitivities pretending to represent infinitely complex humans who have unpredictable and flexible actions.



Bernanke + Krugman = Zero!



There is not a trace of ethics in either and the sum of two zeros is zero!

Tuesday, July 22, 2008

Too Big And UnAdaptable!

From the Mallard comic strip

One dinosaurs says to the other: “Okay, we’re too big . . . Completely unadaptable, and have brains the size of a pea . . .”

The other dinosaur replies: “ I predict we’ll either go extinct or evolve into the federal government . . .”

Saturday, May 3, 2008

Stimulus Package Joke!

These are the insightful words of humorist and columnist Dave Barry:

Q. What is an Economic Stimulus Payment?
A. It is money that the federal government will send to taxpayers.

Q. Where will the government get this money?
A. From taxpayers.

Q. So the government is giving me back my own money?
A. Only a smidgen.

Q. What is the purpose of this payment?
A. The plan is that you will use the money to purchase a high-definition TV set, thus stimulating the economy.

Q. But isn't that stimulating the economy of China?
A. Shut up.