OI!!!!! Liberal Party!!!!!!!! I Don’t Think This Is TOO Much To Ask

It can be frustrating to listen to Prodos interviews. Because he comes up with great topics and terrific interviewees. But because he is a proselytiser (which is a good thing in this case) he tries to push them through the interview to make his points.
I remember him as being a hard man to make suggestions [...]

Growth Deflation Capitalism Has Natural Monetary Stabilisers

These natural-stabilisers are so good they would be better then Ben Bernanke even if we gave Ben a time machine and the gift of second sight.
This screed brought over from Gold Is Money:
Under an interventionist monetary policy the central bank tries to run tight money when growth is looking too high and easier money when [...]

Balancing Your Chair Down The Back Of Class

The American Federal Reserve has lifted interest rates about 15 times since June 2004. Our own Reserve Bank takes a similiarly dysfunctional ‘piano tuner’ approach. To see why this way of doing things is flawed and destabilizing read this post brought over from Catallaxy:
THE OVERPOWERING STUPIDITY OF THE WAY MONETARY POLICY IS RUN.
Most government policy [...]

Deductive Bivalent Exactitude Versus Rightful Certitude.

Godless Theologians (The Mystery Of Philosophy) Part 1.
For psychological reasons I will refer to philosophers as Godless Theologians.
An old farmer and a young godless theologian are walking across the fields towards a town. On all sides as far as can be seen the land is unfenced. They come across some cow manure. Still fresh but [...]

A Proper Market For Supply And Demand Of Loanable Funds

This post brought over from “Gold Is Money”
Its useful, when sorting out things in Economics or banking to take the default model. My default model is 100% backed fiat where nominal Gross Domestic Revenue is fixed and prices fall all the time to reflect the growth in real GDR.
SUPPLY AND DEMAND OF LOANABLE FUNDS.
Under this [...]

Do Galbraith And Ralston-Saul Have A Point?

We want to get to the bottom of why economic liberty is so unpopular. Here is a bit of a fable in this direction cross-posted from Catallaxy:
POOTOWN AND AUSTRALIA CITY.
This is the “Audio Assassins” terminology. He was a radio comedian in Melbourne about 15 years ago. He was just terrific and one would suspect there [...]