link: http://ift.tt/1Smftqj
Hot And Trending...
Trending
- July Consumer Confidence unexpectedly plunged to 90.9 from 99.8 in June, hitting its lowest level since Sept. 2014. Forecast was for 99.6.
- Europe’s Largest Gold Dealer Targets Asian Demand & $1,500 Gold Price (Video) @SchiffGold http://bit.ly/20xQjrY
- Hey guys, let's build some pyramids!
- U.S. political uncertainty has traders turning to precious metals as insurance their wealth survives the election: http://bit.ly/2flvYTl
- Peter Schiff on Trump's Economy, China, Bitcoin, KodakCoin, & the Fed: http://bit.ly/2D3KdMc via @YouTube
- #Fed officials have no problem admitting growth is slowing abroad, yet deny U.S. growth is also slowing, even though its slowing faster!
- China Calls for New Global Reserve Currency to Replace Dollar @SchiffGold https://t.co/PmZH6Zr8SV
- @shgoldberg Read your article on Bitcoin. You're wrong. You can buy groceries with gold. Open a Goldmoney account-- http://bit.ly/2mAS7UX
- People who were buying stocks in 2006 had no idea of the magnitude of the financial crisis that would hit the market in 2008. http://bit.ly/2mxJskU
- Cryptocurrency like Bitcoin is taking the market by storm, but its volatility should raise questions: http://bit.ly/2lInIjn
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 :)