Is a Weak Dollar a Strong Sign? Not So Fast!
Posted in Not So Fast! on 14 October 2009
Stats: 151 views and 6 Comments Readers of George Orwell’s 1984 might recall Big Brother’s claims that “war is peace” or “freedom is slavery.” Orwell was writing a novel, but some of the commentary these days makes me think that elite economists have taken residence in Oceania’s “Ministry of Truth.” Today, the champion—the uncontested champion of Orwell’s ...
Posted in Not So Fast! on 14 October 2009
Stats: 151 views and 6 Comments Readers of George Orwell’s 1984 might recall Big Brother’s claims that “war is peace” or “freedom is slavery.” Orwell was writing a novel, but some of the commentary these days makes me think that elite economists have taken residence in Oceania’s “Ministry of Truth.” Today, the champion—the uncontested champion of Orwell’s ...
The Fallacy of Money is Wealth
Posted in Articles, Not So Fast! on 28 January 2009
Stats: 1,061 views and 16 Comments In the “7 Fallacies of Economics” series, I have covered the fallacies of “collective terms” and “composition,” and now turn to the third fallacy: Money is Wealth. FEE president Lawrence Reed writes: The mercantilists of the 1600s raised this error to the pinnacle of national policy. Always bent upon heaping up ...
Posted in Articles, Not So Fast! on 28 January 2009
Stats: 1,061 views and 16 Comments In the “7 Fallacies of Economics” series, I have covered the fallacies of “collective terms” and “composition,” and now turn to the third fallacy: Money is Wealth. FEE president Lawrence Reed writes: The mercantilists of the 1600s raised this error to the pinnacle of national policy. Always bent upon heaping up ...
