Subjectivism is the philosophy that reality is what we perceive to be real and that no underlying, true reality exists independent of human perception. In other words, the nature of reality for an individual person is dependent on that individual's own consciousness. It follows that each person experiences...
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Ron Hera
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Sun, Jul 1 2012
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Filed under: Federal reserve, Euro, Alan Greenspan, U.S. dollar, gold standard, John Maynard Keynes, British pound, European Central Bank, Japanese yen, counterparty, Subjectivism. Objectivism, Aynd Rand, moral hazard, price stability, central banking, confidence, economic volatility, economic rent seeking, Bank of England, Bank of Japan, currency debasement, fiat money, Austrian economics, François-Marie Arouet de Voltaire
Perhaps the greatest modern champion of central economic planning was the 20th century English economist John Maynard Keynes. Keynes, who was a political socialist and for a time a central banker, advocated the idea that the government should play a large, active role in the economy. Among the consequences...
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Hera
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Ron Hera
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Sun, Jul 1 2012
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Filed under: Federal reserve, GDP, OTC derivatives, CFTC, SEC, Gross Domestic Product, Securities and Exchange Commission, Goldman Sachs, Morgan Stanley, collateralized debt obligations, Obamacare, Pfizer, Commodities and Futures Trading Commission, Keynesian economics, Wells Fargo, Food and Drug Administration, GlaxoSmithKline, Lockheed Martin, Bank of America, General Dynamics, MBS, federal government debt, Rahn curve, CDOs, mortgage backed securities, Leviathan, J.P. Morgan Chase, FDA, Monsanto, Archer Daniels Midland, Northrop Grumman, Raytheon, over the counter derivatives, John Maynard Keynes, Johnson & Johnson, Behemoth, Boeing, Citigroup, Ziz
My article Krugman's Rearguard Apologists (originally posted here ), which follows up my Krugman's Intellectual Waterloo Mises Daily (also orginally posted here ) has been published today as a front-page Mises Daily. Please check it out and contribute to the comments . My sincere thanks again...