Unicorn Economics

7 Replies to “Unicorn Economics”

1. Pretty much related: here’s a great post, via Five Feet of Fury, about how clueless Paul Krugman is.
   http://www.economicpolicyjournal.com/2011/11/now-krugman-on-mises-monetary-mental.html

2. Yeah well, Krugman thinks Red China is an economic template to follow……

3. That’s a corollary to the Fundamental Axiom of Macroeconomics: We, the macroeconomic clerisy, will decide what is appropriate economic policy, the well being of the nation be damned. ( and you should be thanking us, you brutes!)

4. I think that’s Thomas Friedman. I like say that the best thing you can say about Paul Krugman is that he’s not Tom Friedman, and vice versa. One day someone will find this comment as amusing as I do.

5. Re: Central banking –
   “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” – Thomas Jefferson
   “The system of banking [is] a blot left in all our Constitutions, which, if not covered, will end in their destruction… I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity… is but swindling futurity on a large scale.” – T. Jefferson
   “I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.” – T. Jefferson
   “Once a nation parts with the control of its currency and credit, it matters not who makes the nations laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile.” – Mackenzie King Canadian PM
   Were they psychic or were they aware of how central banks controlling the currency and credit always become corrupted.

6. ” Black Mamba wants and deserves a Nobel Prize” Careful of what you wish for there girl, the latest batch of Nobel laureates include a bunch I would not want to be associated with. Arafat, Gore, Carter, Obama and Krugman come to mind here, not to mention the EU itself.

7. I like this comment by ‘sth_txs’:
   “I’m still waiting for the dumbcrap MBA’s to explain to me why we need a federal income tax or any taxes at all if the Fed can simply create money or credit in a computer and call it an asset?”