Tag:keynesian economics
The Chapwood Index: why government released inflation data is fake
My last article discussed how Keynesian economic theory is used as a persuasion tool for current institutions of power to gain even more power. One of the keys to hide the destructiveness of Keynesian theory is to lie about inflation. Manufactured inflation numbers pose as “scientific data” to justify economic policy and interest rate decis… 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
Toronto housing bubble: inflation or deflation — pick your poison
A new Ipsos poll came out that shows Canadians are pretty much screwed no matter what the next Keynesian move is by the Bank of Canada:
Four in ten (43%) say they are concerned about the impact of rising interest rates on their financial situation, and nearly three in ten (28%) expressed concern that rising interest rates could move them towards bankruptcy.
… Read moreOv
Toronto housing bubble: personal debt treadmill at maximum speed
Take a look at this screen grab of the real estate headlines at CP24.com (Canadian Propaganda 24 hours a day):
Affordability is the worst, yet prices are near the bottom?
Nothing is technically “affordable” nowadays in a Keynesian powered economy. No one is encouraged to save, and everyone (government included) relies on debt, a.k.a. future … 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.
… Read moreJust 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