Economic Wisdom

Peter Schiff Knows The Real State Of The Union!

2012-01-26T07:47:00.000-08:00

It is probably an unspoken goal of public education to keep the people vulnerably ignorant to increase the effectiveness of the propaganda that the State pumps through its State-controlled media outlets.

For a refreshing analysis of the real economic conditions that surround us, spend the next 14 minutes listening to Peter Schiff. This is in direct contrast to the smoke and mirrors of the political class (that is, both of the rhetorical heads of the single party in the U.S., which is controlled by the unConstitutional coup) that is destroying our Constitutional Republic.

For more information go to my newly renovated website.

If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://divineec.ipower.com/2/

Even Young Ron Paul Was Wise And Principled.

2011-11-26T14:50:00.000-08:00

Ron Paul is not some showman seeking power.

He is as real today as he was 30 years ago!

For more information go to my newly renovated website.

If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://divineec.ipower.com/2/

AARP (Representing Wise Older People) Interviews The Wisest Statesman.

2011-11-14T20:03:00.000-08:00

In this 20 minute interview Ron Paul calmly and genuinely converses with the interviewer about issues that are meaningful to everyone. There is no political rhetoric but rather it is scholarly philosophical analysis and practical political action that is set forth.

For more information go to my newly renovated website.

If you know of anyone interested in ethics and economics,

or liberty and justice, please send them this link:

http://divineec.ipower.com/2/

National Association Of Manufacturers Quizzes Ron Paul.

2011-11-01T18:41:00.000-07:00

If you want to learn about economics begin here. Ron Paul is one of the greatest Austrian economists in the world and yet he is a very humble man and a tremendous educator. This forum is a treat for any and all who are intellectually searching for an understanding of what is going on economically in the United States and in the world.

For more information go to my newly renovated website.

If you know of anyone interested in ethics and economics,

or liberty and justice, please send them this link:
http://divineec.ipower.com/2/

A Bushel Basket Of Common Sense And Teach The People Austrian Economics!

2011-09-17T20:09:00.000-07:00

Ron Paul would be a wise educator as the President of the United States and it would not take very long for America to regain its destiny as the beacon of liberty and justice to the world!!!

For more information go to my newly renovated website.

Contemporary Macroeconomic Issues Given To You Straight!

2011-08-13T04:55:00.000-07:00

In this sit down interview with Roger Garrison we get to hear the perspective of the Austrian school of economic thought on the macroeconomy by the author of Time and Money. Time and Money is an expose that lays out, side-by-side, Keynesianism, Monetarism and the Austrian theory in a graphical format thereby making clear the distinctions between them. Who better to comment on the contemporary macroeconomic issues?

For more information go to my newly renovated website.

Economic Wisdom @ Praxeology.TV!

2011-07-18T19:42:00.000-07:00

As Ron Paul said in 2008, the knowledge of liberty has been let out of the bottle and it cannot be put back in! As a result there are more and more opportunities for people to find answers to their questions, rather than having to accept the propaganda of the State.

Tune in to Praxeology.TV and get a great start to your future.

For more information go to my newly renovated website.

The Wise Will Read "Man, Economy, And State" - Only $15!

2011-05-05T13:46:00.000-07:00

For $15 every person can acquire a powerful resource that, once read, will shatter to pieces the gaudy and pathetic false idols of economics worshipped by academia. How long will the lies and the liars last? Let us count the days!

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.}

"Liberty Defined" Educates Every Inquiring Mind!

2011-04-21T08:38:00.000-07:00

My copy of "Liberty Defined" should arrive very soon.

None of us can know the unadulterated details of the historical circumstances surrounding the great statesmen and women of the past, and of course knowledge (and access to it) is greater now than it was in the past, but as far as I can tell our friend Ron Paul is the greatest statesman ever. Not coincidentally he is a classical liberalism scholar. His humility is also part of the reason.

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.}

Ron Paul's Economic Wisdom Shines Brightly!

2011-03-30T14:37:00.000-07:00

Ron Paul has economic knowledge that surpasses the combined knowledge of the rest of Congress, and that is while he is sleeping. When he is awake his knowledge surpasses all of the bonehead politicians the world over.

If given a platform to educate without the censorship of a desperate unConstitutional coup the result would amaze everyone. Peace and prosperity is the outcome of what Ron Paul brings to the poorly educated masses of humankind.

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.}

True Economic Experts To Expose The Federal Reserve!

2011-02-07T09:30:00.000-08:00

What is going to happen to all the lies told to the public: that the 'economists' all agree with the political choices made by the Federal Reserve (monetary policy) and the fiscal policies of the economic advisors to the President?

All of the sudden, thanks again to Congressman Ron Paul, distinguished free market economists who can and will expose the economic fallacies of the Keynesian quacks and the apologists for the unConstitutional coup, will be given a platform to speak to and educate the public.

No longer will the lying politicians and all of the sleazy beneficiaries of Keynesian sleight-of-hand be able to portray themselves as having any authority to speak about economics. Their quackery is about to be made evident to everyone who can distinguish truth from falsehood and a friend from the enemy.

The Keynesian house of cards is about to fall! The economic terrorists are soon to be discovered.

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.}

A Statesman Like Ron Paul Knows How To Answer Questions.

2010-12-20T09:43:00.000-08:00

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!

2010-12-19T11:46:00.000-08:00

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.

2010-12-06T15:18:00.000-08:00

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.

2010-10-20T15:40:00.000-07:00

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.

2010-10-01T19:57:00.000-07:00

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.

2010-09-12T17:30:00.000-07:00

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.

2010-08-28T08:22:00.000-07:00

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?

2010-08-22T15:58:00.000-07:00

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.

2010-08-02T15:40:00.000-07:00

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.

2010-07-11T13:25:00.000-07:00

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.

2010-06-18T20:47:00.000-07:00

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!

2010-05-31T05:33:00.000-07:00

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.

2010-05-12T10:43:00.000-07:00

"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.

2010-03-03T15:39:00.000-08:00

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.

2010-02-18T06:17:00.000-08:00

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.

2010-02-13T08:28:00.000-08:00

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.

2010-02-06T08:05:00.000-08:00

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!

2010-02-02T12:03:00.000-08:00

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.

2010-01-21T19:16:00.000-08:00

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?

2010-01-16T05:44:00.000-08:00

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.

2010-01-02T05:58:00.000-08:00

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.

2010-01-01T17:56:00.000-08:00

"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.

Microclimates Of Prosperity Are Yours For Free!

2009-11-16T17:06:00.000-08:00

Knowledge and wisdom is flowing like a spectacular waterfall. I am sure people will be attracted to its roaring and will come to see what is creating the magnificent mists that stimulate the microclimates of prosperity.

The Mises Institute is truly remarkable and a great blessing to humanity!

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.

Take The Next Ten Minutes and Listen To Ron Paul!

2009-11-16T16:14:00.000-08:00

What happens when inquisitive reporters that are not beholden to the unConstitutional coup get to spend ten minutes asking Ron Paul some questions?

What happens is their expressed desire to have Ron Paul come to the studio and talk for two hours, to answer their questions, and to spread the principles of classical liberalism.

Wow! That will be a great moment!

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.

Pictures of Ludwig von Mises Are Worth A Thousand Words!

2009-11-05T16:13:00.000-08:00

Since Ludwig von Mises is such an exemplary figure it is nice to have a very good collection of photographs which show him throughout his life.

In general he appeared to be an individual that possessed purity of heart, chastity of soul, and freedom of spirit. That may be part of the reason for his genius.

If nothing else these pictures prove that he cannot be removed from history nor will his contributions be able to be kept wrapped in a shroud of impoverished economic theory.

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.

Four Steps To 'Cure' The Health Care Problem!

2009-08-15T19:41:00.000-07:00

When there is an economic problem it can be solved if:

a). the economic charlatans who are ego-driven interventionists are ignored,

b). and instead the advice of a brilliant economist is adhered to.

Regarding what appears to be uncontrolled skyrocketing of health care expenses the economic solution is pretty simple. There are four major steps needed which removes the corruption of interventionism. Here they are, according to Hans-Herman Hoppe:

1. Eliminate all licensing requirements for medical schools, hospitals, pharmacies, and medical doctors and other health-care personnel.

2. Eliminate all government restrictions on the production and sale of pharmaceutical products and medical devices.

3. Deregulate the health-insurance industry.

4. Eliminate all subsidies to the sick or unhealthy.

This cure may seem like a strong dose of justice but ultimately it is the remedy for the cancerous socialism and the addictive interventionism.

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.

Surprise! The Capital Is Gone!

2009-08-08T12:33:00.000-07:00

When the Keynesian ego-driven interventionists bring about the unspeakable stagflation (again, but this one will be the big one!) and have no choice but to stop creating money out of thin air (stop causing inflation) then prices will stop rising.

"Good!' you say.

But the entrenched costs created by unions and regulations will then cripple industries and all of the sudden it will be discovered that almost all of the capital has been consumed. Hence begins the long process of recovery, a recovery starved of capital and burdened by ego-driven interventionism.

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 Is At Everyone's Fingertips!

2009-07-26T20:40:00.000-07:00

When the world stops for a week and select minds are treated to the rigors of a climb to the summit the rest of the world is overcome with desperation that can only be alleviated by the wise showers of classical liberalism that will rain down, first from this summit, reaching all the way down to the valleys.

Take in the view at the top of the world and then carry those memories and great insights to the rest of the dwellers on the planet!

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.

Ron Paul Is Economically And Politically Wise Like A True Statesman.

2009-07-24T13:01:00.000-07:00

Ron Paul is a classical liberalism scholar and he is tearing down all of the economic fallacies that are dumped by the ego-driven upon the masses through their corrupted education system and its curriculum, and through its increasingly irrelevant media outlets, and from the mouths of economic imbeciles like Krugman and Bernanke.

The groundswell to audit the Federal Reserve is really a groundswell to get rid of the political class which is only now being recognized as parasitic. And at its center is the unConstitutional coup that has eroded our Constitutional Republic so severly that it barely exists - except in the minds and hearts of those who love liberty.

That is the the true groundswell! Except for those who are still asleep to economic reality, everyone else is discovering that peace and prosperity comes from the protection of property rights and from liberty.

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.

Which Is Greater, The Financial Crisis Or The Ideological Crisis?

2009-07-08T18:04:00.000-07:00

"The financial crisis presents both an ethical and an intellectual challenge to economics, and an opportunity to reform its study by grounding it more solidly in reality."

The financial crisis is really only a subplot of the greater ideological crisis! And yes the ideological crisis presents both an ethical and intellectual challenge to economics.

The ideology that is about to die, either a sudden or a long painful death, is the illusion of moral authority. All ego-driven intervention and interpretation are the agents of that crippling disease.
One important point to note: the ethical and intellectual challenge to the economics profession necessitates the investigation of the divine economy theory!

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 Has A Perfect Record Of Economic Forecasting?

2009-05-27T15:59:00.000-07:00

"We always know where he stands . . . when he wraps up an interview."

True.

What a contrast between the amorphous and anonymous poll of economists (mentioned at the beginning of the report) who supposedly say that the recession will come to an end shortly. Who are they? Let them go on record and say "If I am wrong I will admit that I am a quack and never again make the claim that I am an economist!" They would rather remain anonymous!

Then you have the super-quack Paul Krugman (Nobel Laureate of Wackonomics) who, when the economy falls further into the abyss, will claim that it was because no one took his loony advise of exponential Keynesian quackery!

Yes we do know where Ron Paul stands and if you look back in the past you will see that he predicted the mess we are in now. And as a classical liberalism scholar and an Austrian economist he knows exactly where we are going unless there is real change.

For example: If the Federal Reserve is audited and the people demand justice then the future will be somewhat different than if everything is kept as it is. Ron Paul would then adjust his prediction and again be on the mark!

For more information go to my website.

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

Powerful Empirical Tools Of The Austrian Economists!

2009-05-22T21:37:00.000-07:00

The Austrians have extremely powerful 'empirical' tools even though they approach economics using subjectivism. An excellent example of this is the tool referred to as 'private product remaining.'

"Murray Rothbard addressed the problem of measuring a big government economy with the concept of private product remaining (with producers), or PPR, which basically takes GDP and subtracts from it twice the amount of government spending. Government spending is subtracted once to obtain gross private product and it is subtracted again to account for all the resources that government has siphoned off from the private sector."

What makes these tools (another example is the 'True Money Supply') so powerful is that they are true to the real world which is what makes them empirical!

There is no smoke and mirrors, in contrast to the Keynesians and the empiricists.

The exponents of Austrian economics work within the framework of classical liberalism and use reason and logic to the minutest detail to connect human action to economics and ethics, whereas the exponents of empiricism and Keynesianism make normative interpretations that are nothing more than quackery.

For more information go to my website.

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

Empirical Economics Is Fraudulent!

2009-03-11T08:30:00.000-07:00

Empiricism rests upon cardinal numbers. To the empiricists the numbers - the data - have meaning and then they must explain the meaning. What is scientific about someone just arbitrarily giving meaning to a number?

The subjective methodology looks at numbers as ordinal. The numbers do not have any meaning except that they are relative to other numbers. What gives them meaning is that people rank their preferences which connects the numbers to human valuation. Since they are human valuations and since humans are complex beings these valuations change all of the time.

The science necessary to understand humans is called praxeology which uncovers the laws of human action. Numbers that are associated with human action have meaning relative to each other because humans act like humans act! Praxeology, the science of human action, is the science built upon natural law. Natural law includes the natural sciences since animals act like animals, plants function like plants, minerals exhibit the characteristics of minerals, etc.

Biology, chemistry and physics are natural sciences that have an empirical nature to them because of the way natural laws are binding upon them. Human sciences, likewise, are part of the natural law science but because humans act subjectively the appropriate methodology is subjectivism.

All empirical economics is nothing but ego-driven interpretation and it is then used (misused and abused) by the ego-driven interventionists to redistribute wealth directly or indirectly towards the perpetrator of this flagrant injustice.

For more information go to http://www.divineeconomyconsulting.com/.

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

Ludwig Von Mises Is Essential In These Dark Economic Times!

2009-03-02T20:03:00.000-08:00

In all aspects this is a book for the ages!

The price is very reasonable ($8) and the content will thrill the mind of every lover of liberty and human action.

What an irony to be living in the Dark Ages of economics only because of ignorance while at the same time in our midst is a vast wealth of knowledge and wisdom for the foundation of an Age of Economic Enlightenment!

For more information go to http://www.divineeconomyconsulting.com/.

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

Ideological Change In Japan!

2009-02-24T08:29:00.000-08:00

We are seeing worldwide ideological change every day and everywhere!

The socialists, for example the Keynesians, are trying their best to use propaganda and to use oppression to keep people confused about economics. But they are failing and the truth is leaking out at an alarming rate!

Human Action is far, far too powerful an intellectual beacon to be able to suppress it or to keep the inherent human nature to seek from successfully finding it.

Go Japanese Miseseans Go!

For more information go to http://www.divineeconomyconsulting.com/.

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

Entrepreneurial Profits For Television And Other Types Of Media.

2009-02-21T09:45:00.000-08:00

Ron Paul's good humor combined with his profound knowledge of both classical liberalism and the political system makes him the most engaging of any interviewee.

Newspapers and magazines are not the only traditional types of media that are becoming increasingly irrelevant. Television is also feeling pressure from competition via the internet.

If the decision-makers have any true understanding of the human reality they will be aware that humans are by nature seekers. However crude at first, they are seeking truth. If these decision-makers understand marketing they will give the people what they want.

If the media can separate itself from the controlling grips and the propaganda of the unConstitutional coup long enough to detect what people truly want they will see that their viability as a business depends on being relevant.

Ron Paul and Peter Schiff, and to a lesser extent Andrew Napolitano, Thomas Woods, and Robert Higgs should be the ones appearing on the television, analyses shows. Truth has an incredible entertainment value!

Are you listening, main stream media? Catch the spark of entreprenurial spirit and the courage of the American spirit and give the people what they aspire for while at the same time breaking the shackles and chains of the unConstitutional coup!

For more information go to http://www.divineeconomyconsulting.com/.

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

Finally A News Show About Economic Liberty!!!

2009-02-19T20:24:00.000-08:00

Now there is a news show! (Freedom Watch)

Every Wednesday @ 2pm EST the world will have access to the spirit of liberty incarnated in great minds and heroic individuals!

Ideological change is what is needed in America and then hopefully from America to the rest of the world. That would be true to the true destiny of America.

For more information go to http://www.divineeconomyconsulting.com/.

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

Alternatives To University Taught Economics.

2009-01-30T13:18:00.000-08:00

Ludwig von Mises clearly set forth what economists are to do: "In lecturing and writing books" try to "influence public opinion in order to make sound policies prevail in the conduct of civic affairs."

Each one of us can aspire towards being an economist in this true sense of being an economist. I am doing what I can to educate others and to influence public opinion by writing books and blog entries.

There are many alternatives to what appears to be an obsolete university system of education, especially with regards economics. Subjectivist economics is more readily available elsewhere.

Good luck in your studies and in your influence on others!

For more information go to http://www.divineeconomyconsulting.com/.

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

Political Humor At Its Best!!!

2009-01-28T08:06:00.000-08:00

Ron Paul As A Stand-up Comedian!!!

http://www.lewrockwell.com/podcast/?p=episode&name=2009-01-27_093_the_biggest_bubble_in_the_history_of_the_world.mp3

For more information go to http://www.divineeconomyconsulting.com/.

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

Don't Flee To The Dollar!

2009-01-18T08:08:00.000-08:00

Look around! What is safe?

We are at the precipice, one similar to the high cliff at the beginning of the Great Depression - the Crash of 1929! What looks safe? Just like was done then put everything you own in that and even borrow and invest in that. No wonder people lost everything and even the desire to live.

Stocks are way too volatile and generally overvalued. Bonds are in a nosedive. Gold is good but it is taxed.

The dollar is looking strong and it is easy to convert assets into dollars. The government is now promising to insure dollars as never before. Dollars are liquid, again making it appear as a very attractive way to design safety into your portfolio.

Stop right there! What does the dollar bubble mean to you?

Since 2000 we have seen the inflation bubble move from NASDAQ to housing and now it is attached to the dollar. When the dollar bubble bursts the age of hyperinflation will be upon us! Before hyperinflation the dollar still has value. Afterwards it will become exponentially worthless.

Do you want your assets to be like a bubble that bursts?

Protect your assets by following the advice of Peter Schiff.

For more information go to http://www.divineeconomyconsulting.com/.

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

The Clarion Call For Production Not Destruction!

2009-01-06T15:30:00.000-08:00

"Production not destruction" is a clarion call that should arouse interest among the sensible as the economy continues to dive into the depths of the Keynesian abyss.

The U.S. is not in need of 'make work' schemes even if they are for infrastructure. Infrastructure priorities have to first become known, and those priorities would be the places where production is occurring and also the places where those products are going. Shoring up infrastructure without market knowledge of where production is taking place just misallocates valuable resources.

Destruction (warmongering) misallocates resources and causes an even more exagerated need since it causes severe impoverishment and depravation. It is an abomination. Terminate this immoral, unethical, unjust, and criminal assault by redirecting resources towards production. This does not in any way imply ego-driven intervention or ego-driven interpretation. Only the market, unhampered by any human intervention into the economy, will bring together harmoniously the buyers and sellers across the entire time horizon so that production will peacefully serve everyone's needs.

"Production not destruction" is the clarion call!

For more information go to http://www.divineeconomyconsulting.com/.

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

New International Currency - Gold and Silver!

2008-11-23T18:56:00.000-08:00

Why are the ego-driven interventionists conspiring to devise a new fiat currency when there already exists an incorruptible money system that is thousands of years old?

The key word is ‘incorruptible!’ These ego-driven interventionists cannot fathom the consequences to their monetary hegemony if a currency that is incorruptible - a sound money - was adopted by the people of the world. All of the sudden the only way they could steal would be visible instead of being hidden as inflation. All of the sudden they would be seen as criminals and fear for their lives in addition to losing the wealth that they accumulated from their unethical and scandalous acts of theft and war.

There is a common understanding universally held that cries out for a worldwide currency. It is absolutely necessary that the world currency be independent of political manipulation or else it will be the cause of injustices and wars. Gold and silver are commodity moneys measurable and verifiable in terms of weight. Historically their qualities as mediums of exchange made them the currency of choice universally.

The only ones opposed to the gold and silver standard are the ego-driven interventionists who could no longer counterfeit to enrich themselves at the expense of the masses. It is not that they are ignorant. They are ego-driven - seeking power - and unethical.

Reject the fictitious, vain, corruptible, valueless, fiat currency contrived by the oppressive ego-driven interpreters and the central banks that enable them. Now is the time to make it known that the best international currency is the one that is historically proven and is already universally recognized - gold and silver.

For more information go to http://www.divineeconomyconsulting.com/.

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

Ron Paul And Other Austrian Economists Knew This Was Going To Happen!

2008-09-18T20:32:00.000-07:00

Prophetic? No more prophetic than Ludwig von Mises, Fredrich Hayek, Henry Hazlitt, Murray Rothbard, and Lew Rockwell, etc.!

What is amazing and awe-inspiring to those who are used to the lies, and schemes, and the continual failure of the predictions of the charlatans who serve the ego-driven interventionists, is merely a sound understanding of true economics. All the Austrian economists knew this was going to happen and many of them knew the likelihood that it would unravel as it has unraveled.

That is not to belittle in any way the greatness of our standard bearer and the greatest statesman probably ever to live, yet on this planet!

Ron Paul knew what was going to happen because he understands cause and effect. And he knows where to look if there are negative effects taking place. Government intervention in the economy is always the cause of negative effects. It is an impossibility that economic intervention could ever have a positive effect.

For more information go to http://www.divineeconomyconsulting.com/.

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

Ron Paul Is A Statesman Not A Prophet.

2008-08-16T06:23:00.000-07:00

Ron Paul is not a prophet but he is a classical liberalism scholar which means that he understands what is happening. He is keenly aware of cause and effect.

His virtues are another strong quality that stir great admiration and maybe some people want to exalt him to a high spiritual station. He is deserving of the heartfelt affection and attraction of those who marvel at his truthfulness, trustworthiness, and humility. He is a rare person; principled, forebearing and accessible.

Probably if you ask Ron Paul he will tell you that he is what a statesman is supposed to be!

Examples of the prophetic vision of Ron Paul afforded him because he is a classical liberalism scholar and a statesman:

For more information go to http://www.divineeconomyconsulting.com/ .

Is Examination of ‘Economic Depression’ Fruitful?

2008-04-08T18:47:00.000-07:00

I recently wrote a blog that described an economic depression as something similar to a whirlpool. After I finished the article I realized that I could apply a similar analogy to an economic recession. In contrast to a whirlpool, the economy during a recession could be seen as a ship experiencing rough seas. If the economy reaches the climax of a recession, known as stagflation, then the seas are very rough and the ship (the economy) is in danger of capsizing.

Here is what is significant about these analogies: If the economy does not capsize during the recession there is hope that eventually the rough sea will subside. If intervention continues it will cause another storm to form on the horizon. However if the economy is on the verge of a depression one false move will generate the whirlpool which will sink the economy into unknown depths with very little hope to resist.

If intervention continues once the whirlpool is activated the currents will just intensify. The only hope is for the intervention to stop.

What is the solution? The correct policy is non-intervention. Then the equilibrium forces that allow resources to become freed up will disrupt the vortex throughout its structure, dissipating the energy, lessening the swirl velocity, causing it to break into smaller eddies, and making the economy safe for entrepreneurs to re-enter, to diagnose, and to set their sails and forge a new direction.

What bit of economic wisdom have we gleaned?
A). Intervention causes the economic storms and it can also create a pernicious whirlpool. To avoid economic storms intervention should stop.
B). With regards an economic depression, the only way to stop its destructive forces is to stop intervention.
C. The political cesspool (politicians and their bootlicking economic advisors) has to be drained and rid of its stagnant and disease-infested economic fallacies.

Ron Paul Will Put Our House In Order!

2008-01-24T12:15:00.000-08:00

It is only a matter of time before the quackery of all the Presidential candidates and their charlatan economic advisors start to give off the odors that come from a dark, damp, and unspeakably foul pit. This is the direction they would have us go!

In contrast, Ron Paul has brought to light the concepts of classical liberalism and the principles of prosperity that restore the spirit of America envisioned by our Founders.

It is a path of practicality since our economy has been burdened with oppressive interventionism for more than a century. He shatters the lies of Keynesianism that have glorified all consumption spending and exalted government spending to an even higher degree. These falacies are simply and clearly cast aside by educating all of us about the connection between savings and capital and then between capital and prosperity.

As you read his 'Prescription for Prosperity' notice how spending is moderately cut, how taxes are reduced, how the monetary system is made more sound, and how government's role is moved in the direction of a Constitutional government.

The Consequences of No Ron Paul!

2007-11-15T15:37:00.000-08:00

Some of the consequences of not electing Ron Paul are major and some are minor. The major ones are clearly addressed by Dr. Paul in his writings and speeches.

Bankrupcy of America is on the immediate horizon and, other than Ron Paul, there is no one who has the knowledge and courage to face this problem head on. Consequently no Ron Paul means financial ruin for America and there will be no one who can educate the citizens; instead there will be lies and scapegoating and propaganda, and subsequently increased pressures towards serfdom.

Welfare will be touted as what we need if there is no Ron Paul. The dependency on government (that was created by the welfare state) makes a complacent populace which is one of the reasons why it could be possible that there is no Ron Paul. The welfare state is a class society made up of two distinct classes: the dependents and the ego-driven interventionists. The ego-driven interventionists oppose Ron Paul and the ones who are dependent have to choose between righteousness and serfdom. Wake up!

War is the consequence of no Ron Paul. His voice has been ignored just like the Constitution and the counsel of the founding fathers have been ignored. Continuing down that road: loss of life and limb and sanity is the consequence; loss of civil liberties in the form of an expanded military draft and the ignoring of habeas corpus is the consequence; internal strife and chaos and a magnified exposure to revenge-seeking nationals who will come from nations that we have invaded are the consequences; complete loss of respect for America around the world is the consequence; and a crippling dependency on foreign governments in whose debt we are is the consequence of no Ron Paul.

The rich will get richer and the poor will get poorer as a consequence of no Ron Paul. Only Ron Paul stands before the people and stands before Congress and stands before the Federal Reserve and exposes the deceit. He is the only one who talks about the inflation tax and how it impoverishes most to enrich a few. Only he calls the counterfeiter a counterfeiter and demands an end to fiat currencies.

A cheapening of health care is the consequence of no Ron Paul as socialized medicine drains all decency out of 'health' and 'care.'

Education at all levels will be subject to even more pervasive propaganda as a consequence of no Ron Paul. Already the government makes sure that 'government' is seen as the solver of problems rather than as the source and cause of problems. Ron Paul is a true educator. He is teaching us that when our government ignores the Constitution it is immoral, it is unjust. It is tyranny.

There are other major consequences of no Ron Paul. And there are many, many minor consequences of no Ron Paul.

You can vote, which means that the consequences of no Ron Paul are fully within your control, fully within your grasp and not out of your reach. Vote for peace. Vote for prosperity. Vote for Constitutional government. Vote for civil liberites. Vote for true education. Vote for health and care. Who said you have only one vote? Make it count!

What Does The Nobel Prize Signify?

2007-10-13T13:46:00.000-07:00

At first glance the Nobel Prize appears to offer recognition of work that advances science or the human condition. This is validated most of the time when researchers in the physical sciences like physics and chemistry receive the Nobel Prize for groundbreaking discoveries.

But what happens when the Nobel Prize is awarded for contributions to the human sciences such as economics, literature and for peace. The key here is understanding the correct methodology for the social sciences. The committee consisting of five members elected by the Royal Swedish Academy of Sciences still clings to the empirical methodology (which is perfectly appropriate for the physical sciences) when evaluating economics, which sets the stage for evaluating the peace prize and the literature prize. In other words, no prize for peace or for literature could possibly go to anyone who would destroy the economy, or so you would think. But without a proper understanding of the subjective methodology how can scientific advancements in the social sciences be assessed?

Now let's look at the record. Have the winners of the Nobel Prize for economics advanced the science using the subjectivist methodology? No, almost exclusively they have been empiricists. Do these awards signify advancements? The awards simply represent a scientific bias, then given in the name of science. Hence, they signify and reward pseudo-science.

With this bias firmed entrenched it can be no surprise to see pseudo-science work its way into the other awards. This is one explanation of the awarding of the Nobel Peace Prize to Al Gore for his political campaign for global warming. If you think Al Gore understands environmental science then explain why his analysis differs from that of S. Fred Singer, Professor Emeritus of Environmental Sciences, University of Virginia.

The explanation is simple. Gore is a political animal and he is an ego-driven interventionist. The pseudo-science practiced in the evaluation process by the committee consisting of five members elected by Royal Swedish Academy of Sciences (in other words, the use of the empirical methodology in the social sciences) leads to them awarding prizes to those practicing pseudo-sciences (Al Gore and almost all of the winners of the Sveriges Riksbank Prize in Economics Sciences from its beginning in 1969 up to the present).

The point of this blog is to share economic wisdom. Economic wisdom is what enabled me to see the flaws in the selection of economists for these prestigious awards and it brings into question the other works considered worthy of Nobel Prize awards, at least for those in the social sciences.