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George Selgin
Money and banking fallacy demolition expert. I promise not to waste our time by saying things you expect me to say.
Wow! He actually found it!
13 tuntia sitten
BREAKING: President Trump has ARRIVED at the Federal Reserve!
This is PHENOMENAL!
Look at Powell's face! Trump BROUGHT THE RECEIPTS!
HOLY SH*T!
687
"[Austrian economists] never identify [malinvestments] before the downturn."
Neither, of course, do investors themselves! The _whole point_ of the theory is that no-one can tell where funds are being malinvested 'til the crash because easy money is distorting relative prices! 1/2
19 tuntia sitten
Austrian economists, pointing to “malinvestments” after a recession. Yet, they never identify them before the downturn.
Aka retrospective prediction: fails both the prediction test and the falsification test.
18,45K
Folks, help Tyler out here:
15 tuntia sitten
What should I ask George Selgin?
20,58K
"This anthropology (or sociology) book has convinced me that socialism works."
--Person who never looked at an actual socialist economy, or mixed such economies up with capitalist welfare states like Sweden's.
20 tuntia sitten
“Socialism doesn’t understand human nature”
— Economist who has never opened a sociology or anthropology book in their lives.
6,23K
“Oh what a tangled web we weave, when first we practice to relieve [U.S. firms from foreign competition]!”
23.7. klo 08.48
Toyota is up +8% on the news of a 15% tariff.
Why?
It's simple.
Ford, GM, Tesla, and all the other American manufacturers are going to be paying 50% more for their steel, 50% more for their copper, 25% more for their Canadian production, 25% more for their Mexican production, and 55% on their Chinese production.
Toyota only has to pay 15% more and they're done with all the shenanigans.
Ford has to pay much more than that. A lot more in fact.
We've given a Japanese car company an advantage over American car companies.
All in hope of bringing auto jobs back to America.
0D Chess.
3K
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