link: http://ift.tt/1Smftqj
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- March report "How Revolutions, Wars and Plagues are Harbingers of 'Great Changes' in Societies and in Economics" published. http://bit.ly/2y4LJZQ
- Is there an "Austrian debunk" anywhere for Krugman's texts?
- On Sixty Minutes #DonaldTrump just sold American voters a bill of goods they are probably dumb enough to buy. His poll numbers will surge.
- Podcast episode 203: Media Trumps Up Obama To Help Clinton - https://t.co/2DjMEjUMIj
- What American would hire an accountant, then ignore his advice to utilize legal deductions, and pay more income taxes then are legally owed?
- Want Stable Purchasing Power? Buy Gold and Silver @SchiffGold http://t.co/DED3ZSbCmz
- My appearance on Alex Jones' InfoWars yesterday. Update on my father, and much more. http://t.co/QAPq0AO0mz
- From CNBC. http://bit.ly/20rm4mp
- My latest from Euro Pacific Capital – The Euro Isn't Dead http://bit.ly/1fPeDSS
- @RudolphGiuliani #Trump is hardly a genius for minimizing his income tax liability. It's just that he's not an idiot for not doing it!
Sunday, April 24, 2016
Monkey's Paw Economics --- steal this book title
I was [thinking](http://ift.tt/1SmfqL3) about Mises's values-free approach to policy and economic-advocacy, ie: suitability analysis, which he undertook so successfully in Austria as a policy analyst in his various capacities, and there occurred to me a good popular-analogy to explain this approach. Suitability analysis of Austrian economics shows the disconnect between means and ends, and is very similar to the popular trope of the [Monkey's Paw](http://ift.tt/1SmfqL5), or another way to put it is [Be Careful What You Wish For](http://ift.tt/1AOGqXu). It is through suitability analysis that we can show two things, both how and why the means of the mainstream cannot achieve their policy ends, and secondarily what ends a policy is in fact likely to achieve and thus often make the very problem worse that was aimed at being improved or solved. I think with this analogy we have a good hook into the mind and interest of the average reader, and this theme could be developed strongly for a popular audience with the kinds of examples that Austrian economists have long developed over the years. But, as I am not credentialed and otherwise busy, I hope one of you will be inspired by this and take it up. Cheers :)