I am sorry it took me so long to see this video. The Austrian economist Robert Murphy (who blogs here) debates a conservative called Theodore Beale (aka Vox Day) (who blogs here) in the video below on free trade (see also here and here).[embedded content]Beale appears to be some kind of evangelical, populist conservative, skeptical of free trade. I was astonished to hear him quote Steve Keen at 20.26 following.Despite some very good points, Beale (aka Vox Day) could also have made the...
Read More »Peter Navarro: Trump’s Economic Adviser?
I am getting mixed signals on Navarro. He seems to be positive about Keynesian stimulus here, and is a mercantilist on trade (which isn’t necessarily bad).But he seems hostile to conventional Keynesianism in this interview, and even (if I am not mistaken) implying that public infrastructure will be private?[embedded content]Admittedly, he is not wrong on the disaster of free trade and the collapse of manufacturing, and the need for rebuilding US manufacturing.
Read More »US H-1B Visas = Weapon of Class Warfare
And it has been going on for years:[embedded content][embedded content][embedded content]I’m on Twitter: https://twitter.com/Lord_Keynes2
Read More »The Existential Question of Our Age
It can be illustrated first by a quotation from Ha-Joon Chang’s 23 Things they Don’t Tell you about Capitalism:“Wages in rich countries are determined more by immigration control than anything else, including any minimum wage legislation. How is the immigration maximum determined? Not by the ‘free’ labour market, which, if left alone, will end up replacing 80–90 per cent of native workers with cheaper, and often more productive, immigrants. Immigration is largely settled by politics.”...
Read More »Steve Keen on the Next Recession
In a recent talk:[embedded content]I’m on Twitter: https://twitter.com/Lord_Keynes2
Read More »Hoppe’s Ridiculous Attack on the Epistemological Foundation of Moderate Empiricism
I get mercifully few libertarians in the comments sections these days, but I recently got this challenge here.Patrick asks me to respond to this critique here.This is a passage from the Hans-Hermann Hoppe (Hoppe 2007: 33–34), and Hoppe is a defender of Kantian synthetic a priori knowledge as the epistemological foundation of epistemology and Misesian praxeology.The proposition that is the epistemological foundation for classical and modern moderate empiricism, as Hoppe notes, is this:“This...
Read More »Some Sanity on Russia
This guy is fantastic. We need US détente with Russia, not another bloody mad, neocon war:[embedded content]
Read More »I Told You Trumponomics will be Reaganomics Mark II
See Trump’s call for at least a $500 billion program of government spending on US infrastructure here and here, without raising taxes. See the video here.Yes, it’s massive deficits for the US if Trump wins, and massive Keynesian stimulus, even if his tax cut plan is regressive like that of Reagan.
Read More »Some More Liberal Democratic Moral Depravity
The US Democrats and their apologists in the media are in an uproar about Trump’s comments about the Muslim Khizr Khan, whose son died in the Iraq war. This spat between Trump and Khan is ongoing.Maybe the Democrats would like to revisit the history of their elder stateswoman Madeleine Albright in this comment from 1996?:[embedded content]It doesn’t even matter whether the excess deaths caused by the US sanctions on Iraq were about 50,000, 100,000, 200,000 or 500,000. The very notion that a...
Read More »What is Happening in Sweden?
When things like this happen to a woman in broad daylight.Or things like this, this, this, this, this, and this.I have a fairly shrewd idea of what is going on:[embedded content]And, no, I certainly *don’t* agree with everything said here, but there seems to be enough there that is true to be deeply concerned.Update Since I already have a commentator below who wants to believe that Sweden’s rape problem only has to do with Sweden’s broad definition of rape, no, this is clearly not...
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