Wednesday, May 5, 2010

This is a commentary I wrote about an article by John Kay, a British economist.

He has some strange ideas about economics evolving into some sort of bioengineering discipline involving neurophysiology, psychology, cultural evolution, etc. As a matter of course, he also fails to mention the Austrian School in any way, as he discusses problems with the field of economics as a whole.

Here Professor Anderson takes Keynesianism to task. Too many animal spirits. I wonder if Keynesians enjoy the movie Poltergeist

The eminent Lew Rockwell laments the plight of BP here. I have to agree. The problem with environmentalists is that they're anti-human.

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Yahoo Finance features this article analogizing the stock market with the Titanic. It would seem that the vast majority of stock traders have absolutely no idea what they are doing. The section about buying high and selling low is telling. These people are dabbling in costly experiments with no particular method, or so it seems. I'm no expert, but then I don't have a ton of money in the stock markets either.

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