From "The Haiku Economist" #2 of 2 on page 39

Keynes wanted to have

a zero interest rate—

no grasp of prices?

 

"The Haiku Economist" by Jim Cox

If you want Jim's accompanying explanation let me know and I will provide it for you.

To contact me: divineeconomyconsulting@gmail.com

From "The Haiku Economist" #1 of 2 on page 37

Mises "Free markets!"

"No," Keynes said "Government? Yes."

Keynes' long-run is here.

 

"The Haiku Economist" by Jim Cox

If you want Jim's accompanying explanation let me know and I will provide it for you.

To contact me: divineeconomyconsulting@gmail.com

From "The Haiku Economist" #2 of 2 on page 35

Said Milton Friedman:

Unions don't cause high pay; high

pay causes unions.

 

"The Haiku Economist" by Jim Cox

If you want Jim's accompanying explanation let me know and I will provide it for you.

To contact me: divineeconomyconsulting@gmail.com

From "The Haiku Economist" #1 of 2 on page 35

Menger founded the

Austrians with a grounding

in Aristotle.

"The Haiku Economist" by Jim Cox

If you want Jim's accompanying explanation let me know and I will provide it for you.

To contact me: divineeconomyconsulting@gmail.com

From "The Haiku Economist" #2 of 2 on page 33

"Your choice," said Ayn Rand:

"Sucker or a bloodsucker?"

—in our mixed system.

"The Haiku Economist" by Jim Cox

If you want Jim's accompanying explanation let me know and I will provide it for you.

To contact me: divineeconomyconsulting@gmail.com

From "The Haiku Economist" #1 of 2 on page 33

Deficits, once wrong,

Keynes said are perfectly fine.

What a legacy!

"The Haiku Economist" by Jim Cox

If you want Jim's accompanying explanation let me know and I will provide it for you.

To contact me: divineeconomyconsulting@gmail.com

From "The Haiku Economist" #2 of 2 on page 31

Mises and Hayek

won calculation debate.

The socialists lost!

"The Haiku Economist" by Jim Cox

If you want Jim's accompanying explanation let me know and I will provide it for you.

To contact me: divineeconomyconsulting@gmail.com

From "The Haiku Economist" #1 of 2 on page 31

John Law, John Maynard:

Money cranks who knew only

one answer, each time.

"The Haiku Economist" by Jim Cox

If you want Jim's accompanying explanation let me know and I will provide it for you.

To contact me: divineeconomyconsulting@gmail.com

From "The Haiku Economist" #2 of 2 on page 29

More than Mother T,

Borlaug's "green revolution"

ended suffering.

"The Haiku Economist" by Jim Cox

If you want Jim's accompanying explanation let me know and I will provide it for you.

To contact me: divineeconomyconsulting@gmail.com

From "The Haiku Economist" #1 of 2 on page 29

The real class struggle:

taxpayers and tax eaters.

Marx mistook it all.

"The Haiku Economist" by Jim Cox

If you want Jim's accompanying explanation let me know and I will provide it for you.

To contact me: divineeconomyconsulting@gmail.com

From "The Haiku Economist" #2 of 2 on page 25

Empiricism

it ain't, deductive reason

'tis, economics.

"The Haiku Economist" by Jim Cox

If you want Jim's accompanying explanation let me know and I will provide it for you.

To contact me: divineeconomyconsulting@gmail.com

From "The Haiku Economist" #1 of 2 on page 25

Profit: The reward

for moving goods to higher,

more valued uses.

"The Haiku Economist" by Jim Cox

If you want Jim's accompanying explanation let me know and I will provide it for you.

To contact me: divineeconomyconsulting@gmail.com

From "The Haiku Economist" #2 of 2 on page 23

A "monopoly"

is not simply facing a

falling demand curve.

"The Haiku Economist" by Jim Cox

If you want Jim's accompanying explanation let me know and I will provide it for you.

To contact me: divineeconomyconsulting@gmail.com

From "The Haiku Economist" #1 of 2 on page 23

House: Big, expensive

asset, slowly but surely

falling to pieces.

 

"The Haiku Economist" by Jim Cox

If you want Jim's accompanying explanation let me know and I will provide it for you.

To contact me: divineeconomyconsulting@gmail.com

From "The Haiku Economist" #2 of 2 on page 21

Regression theorem:

Fiat money has value

only from the past.

"The Haiku Economist" by Jim Cox

If you want Jim's accompanying explanation let me know and I will provide it for you.

To contact me: divineeconomyconsulting@gmail.com

From "The Haiku Economist" 1 of 2 on page 21

"Depression" is the

correcting of previous

times of inflation.

"The Haiku Economist" by Jim Cox

If you want Jim's accompanying explanation let me know and I will provide it for you.

To contact me: divineeconomyconsulting@gmail.com

Intellectual Honesty, Empirical Honesty.

The problem with using the empirical methodology in the human sciences - economics, for example - is that humans make decisions subjectively which cannot be captured or accounted for using the empirical method. First of all empirical data cannot contain the dynamic complexity of human decisions and secondly human decisions are subject (subjective) to change in unpredictable magnitudes and/or unpredictable directions rendering any and all puny and static empirically-generated data meaningless.

However even if there was a way to ascertain that which is impossible using the empirical method the conclusion would be to leave things alone. This is exactly what is discovered when the appropriate scientific method is used to study subjective decision-making by human beings. The test of deduction and logic within the subjectivist methodology provides vast amounts of proof and in that sense the results are empirical.

Laissez-faire or an unhampered market economy or the divine economy all refer to the intellectually honest and empirically honest conclusion: that an unimpeded market process is the optimal means.

Follow me on Twitter @DivineEconomy

If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://bruce-koerber.squarespace.com

What Every Student Of Economics Should Know!

The defining quality of entrepreneurship is alertness. It is essential for those striving to become aware of economic realities to check this out:

Divine Economy Theory And Worldwide Prosperity!
http://divineeconomyconsulting.blogspot.com/2008/01/divine-economy-theory-and-worldwide.html

Follow me on Twitter @DivineEconomy

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/

The Wise Know The Importance Of Capital And Entrepreneurship.

Not only is capital the most limiting factor in the economy (which means it should be focused on) but it is also the transformative factor (which means it should be focused on). That is why capital-based economics (synonym for Austrian economics) is real economics because it puts emphasis on what can have a real effect. The alertness of the entrepreneur is the driving force.

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/

Social Cooperation Reveals The Key To The Economy!

Henry Hazlitt went into great detail in his book “The Foundations of Morality” about the powerful means/ends potency of social cooperation as being the essence of the economy. It was from that platform that I developed the 'Human Civilization Equilibrium" that then laid the foundation for my book about economic justice ("Liberty & Justice of Economic Equilibrium"). 

Now it is possible to better grasp the spiritual nature of the economy. Ethical economics implies that it is not just the intellect that is operating in the economy, and it is the idea of social cooperation that helps to bridge that line of reasoning. Sure it is intellectually understood that when people cooperate the outcome is greater but people and their decisions are not merely numbers to be added. The process involves human bonds that are not captured by numbers.

At the heart - and the heart is a good symbol - is the process of social cooperation which is maximized by love. When there is love social cooperation is maximized and when social cooperation is maximized the economy is in a highly perfected state.

As humans we want to exercise our full powers and the science that studies and theorizes about our actions (praxeology) needs to be fully equipped to handle the task. The divine economy theory recognizes that love is a powerful force in the human reality and it recognizes that it is the purest motivator of social cooperation. And the divine economy theory recognizes that social cooperation is the highest means/ends operating in the economy.

Succinctly: in the divine economy love engenders social cooperation which optimizes the economy!!!


Follow me on Twitter @DivineEconomy

If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://bruce-koerber.squarespace.com

Educating Is Difficult When The State Controls Everything.

For thirty years the great classical liberal and Austrian economist (a scholar of the Austrian school of economic thought) has served on committees that determined the direction of Congressional action towards the monetary system and yet still the Congress tries to fix massively excessive debt and spending with more debt and spending with the help of its counterfeiting operation (Federal Reserve)!

For thirty years Congress ignored this brilliant statesman and most people knew very little about the fraudulent fiat currency system because the dollar served as a world reserve currency, masking this insolvent system.

Educating people about economics has been very difficult because the State controls the education system and the monetary system and the political system and the media. But since there is an internet that enables people to bypass the propaganda, now people are learning about ethical economics and economic justice.

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/

Women & Men Equally Qualified To Study Divine Economy Theory.

It is an indisputable fact that women have been deprived of equal education throughout history and that is the only reason for the differences between the accomplishments of men and women. In a way that education gap is still a burden for women because the starting point for women generally lags behind, requiring exceptional determination and perserverence and courage to achieve equality and the associated respect.

But the divine economy theory is new upon the scientific and moral horizon. There is therefore no headstart or advantage for either man or woman.

This is extremely exciting news both in terms of justice and for the possibility of a social experiment. Will women excel and even prove to have a degree of superiority in the concepts and principles that constitute the divine economy theory? Will the societal transformation that results from the flow of knowledge that is explained in the divine economy theory demonstrate that the capacity of women is very great?

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/

Peter Schiff Knows The Real State Of The Union!

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.

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.

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.

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!

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!

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!

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!

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!

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!

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!

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.

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.

Microclimates Of Prosperity Are Yours For Free!

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!

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!

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!

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!

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!

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.

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?

"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?

"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!

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.