link: http://ift.tt/1Smftqj
Hot And Trending...
Trending
- The latest employment numbers show that the economy isn't as nearly as hearty as people think. http://bit.ly/2hf4PYS
- Gold scams are pretty easy to detect if you simply look at things with a critical eye. http://bit.ly/2fXQ9wy
- Investors realize the market is overvalued, but at the same time, they believe it will continue to go up. http://bit.ly/2APJ2fq
- #Draghi is wrong. QE and negative interest rates do not promote economic growth in the Eurozone they are impediments to growth!
- New Benchmark a Sign of Chinas Growing Role as a Gold Hub https://t.co/7ultpsDBq8 @SchiffGold
- Central banks interfere and corrupt the best practice of the formation of the price of risk. http://bit.ly/2w7iAyI
- Inflows of gold into ETFs over the last two years and continuing into 2018 reverse a 3-year trend of outflows between 2013 and 2015. http://bit.ly/2FWnaRe
- Since the $20 bills featuring #HarrietTubman will not debut until 2020 it will feel like she's on the $10 as the $20 will be the new $10!
- 🔴 Why Trump Is a Hypocrite On The Economy: http://bit.ly/2vhSxDq via @YouTube
- For the first time since 1989, China's credit rating gets a downgrade. http://bit.ly/2riThHs
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 :)