Tag:

keynesian bs

Is inflation necessary? Why Keynesian theory never wants the cost of living to recede

A common tenet of Keynesian theory is that a lack of inflation will slow down the “velocity of money”, encourage people to hoard money, spend less, and therefore stall an economy by reducing demand.

Keep in mind that Keynesian theory has only been en vogue for a century, and is merely a blip in history. It is still just a theory, with fiscal interve… Read more

Keynesian economics is one big persuasion tactic to grow the government and central banks

Like the postmodern movement, the rise of Keynesian theory in academia in the past century has led to government institutions wielding more power than they merit. The general public doesn’t really understand this recent interpretation of economics, so they are encouraged to trust a group of economic “experts” to sort it out for them.… Read more

Ontario’s $15 minimum wage is going to kill more than just jobs

Canadian policy is currently being dictated by emotion (or more accurately, postmodernism) and the lack of objective analysis in some of the new bills and laws being passed will have dire consequences in the future.

In Ontario, the decision by the Wynne Liberal government to raise minimum wage to $14 by 2018 (about a 30% increase) and $15 by 2019 was made desp… Read more

Paul Krugman and Keynesian theory got one thing right about hurricane Irma, but it’s not what you think

To paraphrase a Louis CK comedy bit, let’s assume you were a billionaire. You decide to buy all the pants in the world, and then just burn them. Does this have a positive impact on the economy?

Let’s assume you spent $1 billion to buy all the pants. This represents $1 billion of savings, or stated differently, $1 billion in goods and services produc… Read more

There’s no use arguing BitCoin versus gold

BitCoin and cryptocurrency forums have been reacting emotionally to arguments illustrating the flawed technical fundamentals of cryptocurrencies.

Just google bitcoin+ponzi, bitcoin+intrinsic value, bitcoin+myspace, etc. All arguments have been made. Honeybadger doesn’t care. It moves onwards & upwards.

Anyone who’s longer

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CBC: Canada added 54,000 jobs last month. Reality: Canada lost nearly 100,000 productive jobs and replaced it with useless jobs

CBC recently published an intentionally vague article over the latest StatsCan report to paint a rosy economic picture for Canada and its government.

What the article ignores is the quality of the jobs over the quantity of the jobs created, instead touting the jobs and employment numbers designed to obfuscate the real facts.

Here are some tidbits from the a… Read more

Vancouver Passes Tax on Empty Homes, Canadian Annual Inflation Rate Reported at 1.5 percent

Despite the Canadian Press reading more like opinion pieces than objective news nowadays, these two articles are objective enough, and when taken at face value, paint a picture of the government supposedly doing their job.

Annual inflation rate 1.5 per cent in October, in line with expectationshttp://www.thecanadianpress.com/english/online/ORead more