Lars P. Syll

I think there is an element of truth in the view that the superstition that the budget must be balanced at all times [is necessary]. Once it is debunked, [it] takes away one of the bulwarks that every society must have against expenditure out of control. There must be discipline in the allocation of resources or you will have anarchistic chaos and inefficiency. And one of the functions of old fashioned religion was to scare people by sometimes what might be regarded as myths...

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Fallacies of financial fundamentalism Fallacy 2Urging or providing incentives for individuals to try to save more is said to stimulate investment and economic growth. Again, actually the exact reverse is true. In a money economy, for most individuals a decision to try to save more means a decision to spend less; less spending by a saver means less income and less saving for the vendors and producers, and aggregate saving is not increased, but diminished as...

I programmet Ekdal och Ekdal häromkvällen fick Sveriges finansminister — Magdalena Andersson — på bästa sändningstid möjlighet förklara hur vi ska kunna minska klyftorna i Sverige. Till min — och säkert flera andras — stora förvåning verkade fru Andersson vara mest intresserad av att försöka frammåla en bild av att problemen egentligen inte är så stora eftersom socialdemokratin har hållit den ‘svenska modellen’ — för att i grunden skapa ett jämlikt samhälle — levande: 1 Alla...

‘Identity politics’ — a twisted ideology  [embedded content]

Twist in my sobriety  [embedded content]

Bernard Lietaer (1942 — 2019)  [embedded content] Sad news reached us today that one of our greatest monetary​ thinkers, Bernard Lietaer, has passed away. RIP.

Disse teorier om det sociale kan så rettes mod den sociale institution, vi kalder viden. Hermed bliver viden til eksempelvis internaliserede objektiverede og legitimerede eksternaliseringer af menneskelig adfærd … Dette er i og for sig uproblematisk forudsat, at man kan opretholde en distinktion mellem det vi i samfundet kalder ”viden” og så viden i sin filosofiske og epistemologiske forstand, som viden om virkeligheden (”justified true belief”) … Men det er lige her, at...

Informational entropy (student stuff)  [embedded content]