Industry Policy Is Absolutely Essential.

More later.

Ending World Poverty Means Defeating The Devastating Flaws In Neoclassical Economics.

We will go deeper into just what these flaws consists of. But here is a post which alludes to this failure in analysis that we see with pretty much every neoclassical economist. Milton Friedman (great man that he was) not excepted.
Just as a make-believe revenue is no real cost….. Just as the concept of “human [...]

“Opportunity Cost” False Doctrine Leads To Bad Mental Habits.

The options that one has in national budgeting never come in pairs. Or at least they ought not. But the false doctrine of opportunity cost has trained our economists and decision-makers to always formulate matters that way.
Opportunity cost is false doctrine on first principles. Simply because it consists of a shoddy definition combined with a [...]

Massive Failure In Humphreys Logic/Witness Humphreys Being Proven Wrong Totally, And Then Do A Runner.

JOHN HUMPHREYS AS THE TRIANGULATER FROM HELL.
So here is Humphreys trying to argue, unsuccessfully, that the carbon tax will not do much harm since he now says it will be ineffectual. His argument that it would be ineffectual is idiotic and wrong. Its a static argument as usual. Humphreys makes static arguments that don’t include [...]

A Carbon Tax Is A Full Frontal Assault On Wealth In 2009

What is economics? It is not the study of choices under scarcity as is wrongly contended. Resources are not necessarily scarce and economics, properly considered, is out to make these resources less scarce.
Economics is the study of wealth creation. Some extension of the definition is necessary to differentiate economics from engineering, manufacturing, construction, mining and [...]

Expansion By Way Of Stretch-Marks.

The findings of the expanding earth thesis will be very hard to sweep away via alternative explanations. The findings take all the convergent evidence from the Pangea/Gondwanaland theory of continental drift and they eliminate some of the problems with this thesis. What makes the expanding thesis virtually impossible to deny for a sane person, is [...]

The Impossibly Large Size Of Some Dinosaurs Is Convergent Evidence To An Expanding Planet.

Look at how wikipedia struggles to explain how the Brontosaurus could even get up in the mornings:
1. The poor bastard ought not have been able to breathe:
“With such a large body mass, combined with a long neck, physiologists encounter problems determining how these animals managed to breathe.”
2. How the poor bugger got any oxygen to [...]

Still No Argument Justifying Communist Nationalisation.

Only economic ignorance. Jason Soon didn’t offer an economic argument in the first place. So it amounted to treason for its own sake. He effectively just accused Costello of having some sort of fear. Some sort of phobia. He talks about Capital phobia. But in fact Jason is so ignorant its not clear that he [...]

Treason Of The Economists.

We can see that our alleged right-wing economists are actually just leftist traitors. The main-stream contingent in any case.
A simple request to clarify or backdown from the idea of communist nationalisation of our resources has been knocked back. We ought to stop pinching ourselves in disbelief that these people could be disloyal when in fact [...]

Inviting Jason Soon To Either Back Down From Or Justify His Pro-Communist Nationalisation Editorial Policies

As we have seen Jason Soon and his contributers have settled in favour of arbitrarily altering our rules for the benefit of Rio Tinto bigshots and in order to allow the nationalisation of our resources by the Chinese communists. Is it necessary to point out here that China is our key strategic threat? And the [...]