A Statesman Like Ron Paul Knows How To Answer Questions.

I thought it was interesting how Ron Paul didn't waste his time correcting their (probably deliberate) distortions of historical circumstances or even their misrepresentations of what he previously said. At every instant he was educating the audience. He systematically and wisely attacked the ideology of statism and provided an easy avenue for the audience to switch to a new ideology, that ideology being the liberty and justice and peace of classical liberalism.

For more information go to my website.

Go here to read about Mastery of ETHICAL ECONOMICS.

{I am currently taking a partial hiatus from blogging so frequently since I am preparing to write the fourth and final book in the divine economy theory series, due to be published around May 2011.}

Sit Back And Understand Economics - Ron Paul on CSPAN!

In two 12-minute segments Ron Paul fields questions about the economy since he is now the Chairman of the Subcommittee on Domestic Monetary Policy.

Congressman Paul is atypical. He is a scholar of classical liberalism and so he can explain what is going on, in contrast to the typical politician who has a few 'sayings' without any authentic understanding of economics.

The deeper the questions go the more revealing is the depth of knowledge shared by Congressman Ron Paul. But he is a very humble man and his intention is to educate others and so he answers the questions with a clarity that will amaze and thrill and educate those who hear him speak.

For more information go to my website.

Go here to read about Mastery of ETHICAL ECONOMICS.

{I am currently taking a partial hiatus from blogging so frequently since I am preparing to write the fourth and final book in the divine economy theory series, due to be published around May 2011.}

Economic Education For Professional Athletes.

Professional athletes are well paid. Their salaries are often visible to the public and sometimes it is reported in the news that an athlete squanders his or her wealth. In that sense no one is immune from making financial mistakes.

Some of these financial mistakes are closely tied to character flaws, immaturity, or addictions. Perhaps these personal conditions indicate that there is simply no interest in education or economic education specifically.

However, many athletes are intelligently trying to take care of their needs - now and in the future - and so they have an interest in understanding economics. I suggest care - not to fooled into listening to those who regurgitate empirical economics.

Instead get a healthy dose of classical liberalism by listening to Peter Schiff (he will also help you decide how to wisely invest) and tap into the vast resources of the Mises Institute to learn economics from the Austrian perspective and read my ebooks about the divine economy theory.

As individuals with wealth are educated about free market economics they will be better able to understand capital and to use their capital to advance civilization. Athletes are heros to many people who follow their sport and if properly educated in economics these athletes can also be heros in the arena of the overall prosperity of society.

For more information go to my website.

Go here to read about Mastery of ETHICAL ECONOMICS.

{I am currently taking a partial hiatus from blogging so frequently since I am preparing to write the fourth and final book in the divine economy theory series, due to be published around May 2011.}

Savings And Capital Increase Productivity And Wage Rates.

Peter Schiff makes a great and under-appreciated statement: capital is what leads to productivity which leads to higher wage rates.

So in a brief moment Peter Schiff gives the listener a knowledge base to understand why America is becoming a third-world economy and how to reverse that trend.

Anything and everything that hurts savings and anything and everything that disables the ability of businesses to find and use capital is destructive to the economy. For example, the State and all its ego-driven interventionists and all their regulations and also the counterfeiting by the central bank, to name a few.

For more information go to my website.

Go here to read about Mastery of ETHICAL ECONOMICS.

"Regime Uncertainty" As Scientific Economic Analysis.

Fascinating analysis and fascinating term - regime uncertainty. The term is rich in meaning even though it is only two words. Thinking about the two words in the context of the contemporary political/economic world unveils many subtle elements.

To me the word 'regime' refers to the corruptions that stem from ego-driven interventionism in these, the Dark Ages of economics. These corruptions heap scores and scores of uncertainty onto the natural uncertainties that would occur in a free market.

For more information go to my website.

Go here to read about Mastery of ETHICAL ECONOMICS.

Ideological Change Based Upon Economic Truth.

It is true that the ideological change that took place to abolish slavery is a good example of how an age-old system came to a halt in a relatively short period of time. And there are other examples, some of which are also included in the article, that demonstrate that there is no reason for anyone to think that humankind is locked into its current paradigm.

What is that paradigm? I suggest that it can be called the Dark Ages of economic science.

What is the form of 'slavery' that will be abolished? It is the disruption and corruption of the economic life of people caused by the ego-driven interventionists.

What will be the change of heart and mind that will lead to this change in ideology? Recognizing that there is no moral authority for any economic intervention. People will know that all economic intervention is a corruption of the divine economy.

For more information go to my website.

Go here to read about Mastery of ETHICAL ECONOMICS.

Economic Historians Make Great Contributions To Economic Science.

What a great interview by both Mark Thornton and Jeffrey Tucker!

Anyone, who for whatever reason, thinks that economic historians are not to be regarded as great contributors to economics because a work of theirs is not 'original' needs to listen to this interview.

It is now possible for each of us to sit down with Bastiat and Cantillon and learn from them. Not everyone interested in economics will make original contributions to the science of economics and those few who do will benefit greatly from the knowledge gained from others. Like Ludwig von Mises, all of the great 'original' contributors were well educated and broadly educated.

For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.

Who Can Assess Original Contributions To Economic Science?

Is there any dishonor in being an economic historian? Are there economic historians who do not want to be considered economic historians and who would rather be known as economists? Is the difference between an economic historian and an economist specifically related to original contributions to economic science rather than commentary on the contributions of others?

These are the issues being pondered. Who is the judge to decide what is original? Is there a built-in snobbery among academic economists where the same hoops of fire that they must jump through - because of their institutional requirements - are made the criteria for assessing 'original?'

Well, I guess I will rock your world then! Divine economy theory is an original contribution to economic science and it stands ready and able for any and all scrutiny!!! Who among you dares to examine it?

Above, it is stated over and over that the science of economics has to advance and cannot just look back. OK let's see if those who say that really believe it.

For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.

Rothbard's Brilliance Is A Source Of Illumination.

All signs point to the fact that Rothbard was a genius and fortunately he was also perceptive enough to discover Mises, and then he put his genius to work in the philosphy of classical liberalism and economics specifically. Just because he was a genius and he found the correct methodology for the study of human sciences does not mean that he was perfect and so for those who want to focus on his flaws there are ample examples, but for those who want to focus on his brilliance there are many times more of those types of examples.

Likewise, exposing students of economics to the works of Rothbard may not be the only brilliant contribution made towards their education but it is definitely infinitely better for those individuals and for society than the darkness of standard contemporary philosophical and economic education in these - the Dark Ages of economics.

For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.

The Genius And Wisdom Of Murray Rothbard.

There is no doubt that Murray Rothbard was a genius. Thank God he found Austrian economics so all of the potency of his genius could be directed towards laying the foundation for a classical liberalism civilzation.

So what we have for all the world to see is the wisdom and genius of Murray Rothbard.

For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.

Economic Wisdom Of Henry Hazlitt.

Henry Hazlitt was a champion, no doubt, and he was a man of courage and conviction. As I understand it, Henry Hazlitt was intellectually an advocate of laissez-faire but that was only part of his sound reasoning. He was a great ethicist and I encourage everyone to read his book "The Foundations of Morality." It was his ethical advocacy of laissez-faire which made him the rock solid voice for justice, libery and prosperity despite the flood of pseudo-information in the media, by the politicians, and in the 'economics' profession.

What is the implication of Hazlitt's depth of understanding and conviction? Would Hazlitt have been the lion of a man had he only understood laissez-faire intellectually? I think not.

This is my concern even today. There are many more intellectually confirmed advocates of laissez-faire nowadays and we can all be encouraged by this. But until there is the deeper understanding of laissez-faire at the ethical level we will not see the valor of Hazlitt when push comes to shove.

There is no moral authority for any economic intervention. Understanding this heightens the laissez-faire belief. The economy is a divine institution - this is the apex for understanding the true essence of laissez-faire economics.

For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.

Classical Liberalism Definition Contest!

Can anyone give a more concise definition of a classical liberal than the following? A classical liberal is someone who recognizes individual sovereignty.

For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.

Liberty, Free Will, Alertness, And Natural Law.

"Why is liberty always on trial? Why does the burden of proof rest with freedom, private property, and voluntary exchange rather than coercion, socialized property, and compulsory exchange?"

At its core it has to do with humans not understanding free will. Free will is an essential characteristic of humans. It is part of natural law. Yet humans in these Dark Ages of economics are devoid of an understanding of their own selves which also explains why humans are struggling with converting latent entrepreneurial spirit into active entrepreneurial spirit. In such a state of latency humans fail to search for truth (which is again an essential part of the nature of humans and therefore part of natural law).

Liberty is a manifestation of free will and alertness is a necessary potency for the value of liberty to be understood!
 
For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.

Subjective Capitalism Trumps the Empirical Capitalism Trash.

What classical liberals are opposed to is empirical capitalism. With it comes all of the errors stemming from ego-driven interpretation of data, giving full rein to corruption. 'Crony capitalism' is the corrupt fruit of empirical economics.

Subjective capitalism has its basis firmly resting on the subjective valuations underlying human action, and across the time horizon. That is how humans truly decide about things as part of their aspirations towards prosperity and justice.
 
It is no wonder the State is doing all that it can, by using its propaganda outlets, to undermine economic knowledge.
 
For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.

The Regression Theorem Of Intervention Shows The Origin Of Error.

Is there any more evidence needed to show how one intervention leads to an endless piling on of more and more ridiculous intervention to try to solve the problems created by the first and subsequent interventions?

Similar to the regression theorem of money postulated by Ludwig von Mises what we have here is the regression theorem of intervention!

The regression theorem of intervention tracks the distortions back to the origin of the deviation from the ethical solution that would naturally come about in an unhampered market - all the way back to the first act of ego-driven interventionism.

There was no moral authority for the first act of intervention nor for any of the other acts of intervention that follow.

The regression theorem of intervention shows the perniciousness of ego-driven interventionism from the beginning onward!

For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.

Greed Is Best Transformed By The Free Market.

Greed is nothing more than an undeveloped virtue. It is like: darkness is the absence of light. But greed is not absolute, it is relative. Some are more greedy than others and some people have virtually extinguished greed by transforming it into one of its positive forms.

The beauty of an unhampered market is that information flows freely (without interference by the human limitations - the lack of omniscience and omnipresence and omnipotence) which means that transformation is optimal under those conditions. Again we are not talking about absolute transformation, but rather, relative transformation which transpires over time. This is part of the process of an ever-advancing civilization and the best means to attain that ends is the divine economy (an unhampered free market economy).

For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.

It Is No Coincidence That The Best Economists Use The Subjectivist Methodology.

First of all I applaud you for identifying the true masters of free market economics.

It is no coincidence that at least six of the ten made their great contributions because they used the subjectivist methodology.

Once subjectivism is investigated it becomes clear that there is only one scientifically valid methodology for studying the human sciences and economics is a human science. Backtracking with that insight to the original quest of finding the top ten free market economists would bring about a need to modify the list. The empiricists would drop out and be replaced by some of the other great free market economists who used the subjectivist methodology.

For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.

Empirical Economics Is VooDoo Economics!

Notice the result of empirical economic forecasting. Even if the numbers miraculously matched the forecast the numbers would still have no connection to the human reality.

Bogus results & bogus methodology & bogus interpretation means that we are living in the Dark Ages of economic science!

For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.

Listen To Murray Rothbard Lecture And Wonderfully Educate Yourself.

Murray provided more than several lifetimes of meaningful information. You would think that in the near future there will be absolutely no excuse for economic ignorance.

For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.

What Will Change Macroeconomics For the Better?

How can macroeconomics remain in its obsolescent condition when such brilliance is one click away!

http://www.youtube.com/watch?v=zhoFOyy7rbo

Every sincere student of macroeconomics can educate their professors methodically and with modesty by having a scientific conversation with them and by writing about the interconnectedness and rationality of capital-based macroeconomics in their assignments.

For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.

Price Comparisons And Understanding Inflation.

The belief that these static data have any meaning individually or in the aggregate is a perfect example of the flawed mentality of an empiricist.

The belief that laying out the data across the whole spectrum of goods and services creates a comprehensive picture is nothing but an example of the fallacy of Walrasian empiricism.

So combine the meaninglessness of empirically derived data with more meaningless data (but more encompassing) and poof! two wrongs make a right!

Economic history - comparing a price today versus its counterpart from days past - may be interesting but it is not to be confused with economic science.

The truth that shines out from this evaluation is that the data used by these so-called 'economists' require ego-driven interpretation to serve their object, which is ego-driven intervention. At whatever stage in this vain and imaginary process - interpretation or intervention - empiricism is wholly unscientific.

Contrast that with the pure science of real human action. No interpretation or intervention necessary!

Counterfeiting the currency causes the purchasing power to decrease - inflation!

For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.

The Market Is Not Unfathomable.

"We must allow the market to detect and rectify its own errors."

How revolutionary is this simple statement! To the ill-educated who cannot fathom the market as the means of communication but who comes to partially understand the role of entrepreneurs, the solution will be to try to create pseudo-entrepreneurs. In fact that is very similar to what exists already with the empiricists and ego-driven interventionists trying to perceive what is going on in the economy and then imposing some contrived scheme.

The essence then is that the ill-educated cannot fathom the market. The fact of the matter is that no one can; but that the Austrian economists understand that the market is a process in disequilibrium that reflects human action, making it a wellspring of information.

For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.