René Descartes maintained the view that humans do not directly perceive the world and its contents as they truly are. Rather, he postulated that one relies on incomplete information derived from senses that merely give a representative impression of reality, at best. Aristotle’s and the more classical/scholastic views of natural philosophy held that all knowledge […]

An epitaph is simply a short text honoring one that has deceased. Gospel simply and literally means “good news.” By the end of tomorrow, we will most likely know which one this article could best be described as. This country was never perfect. It never was and never will be. Regardless, tomorrow, the American voter […]

The equation of exchange states that MV=PQ. As formulated by Friedman, the equation is stated as MV=PY. Money times velocity equals the price level times total output Q, or total income Y, or transactions T, which are the same in what might be called a “closed” economy. Let me further explain this simple tautology. All […]

Ha. Ha. Ha. Yet another imbecilic and infantile “plan” devised by our holy central planners tears itself a new one; yet another failed synthetic product of a bygone era; an era that never needed said garbage in the first place. Price controls always fail. I speak of our present and absurd monetary central planning: the […]

My alcoholism is regrettable, but my life is not. I’ve conquered benzodiazepine addiction, which, in my somewhat-humble opinion, is far worse than quitting opioids, especially considering that improper withdrawal can kill you. I’ve quit moles, arguably the most addictive substance known to man. Nicotine is known to have a 93% failure rate for those that […]

Awake – Textures Who would’ve thought that Ol’ Yellen would’ve been the one to take the economy out back and shoot it? I ask this in not a bitchy, simpleton, Krugmanesque manner, but in an Austro-monetarist one. Seven years of All-American ZIRP have thrust the country into an orgy of both consumption and investment: an […]

In 1935, three quantum physicists, Albert Einstein, Boris Podolsky, and Nathan Rosen wrote an article for the journal Physical Review, entitled “Can Quantum-Mechanical Description of Physical Reality Be Considered Complete?” Quantum mechanics is the attempt to describe the physics of subatomic particles’ behavior and interactions using mathematics. Realism is the idea that objects, particles, and […]

Garrison and Lachmann have a great many ideas in common. However, they differ in significant manners that allow us to investigate and deduce their most core understandings of the emergent factors involved in the “microfoundations” of “the macroeconomy.” Garrison sees the economy, really the collection of individuals interacting in various trades, as essentially something that […]

Up next, we have the international money, competing with the European federal state, competing with individual European nation-states, competing with European individuals themselves. Ostensibly, Eurocrats (including the ECB) and international banks like the IMF want to work together. Lately, they have been, owing to the fact that Greece looks like a pressure point in the […]

Nobody gets out alive. Neocons, now plainly perverse yet perfectly pervasive, even in the average dumbocrat’s mind, cheesily understand leftist monetary and fiscal policy, while since, have finally and jankily figured out how to meld political and monetary collectivism with regulatory/protectionist policy that has been entirely captured by Machiavellian pricks that benefit from them, or […]