Tag Archives: john maynard keynes

Creative Destruction, Say’s Law and the Pseudo Science of Economics

Dear Friends, It seems to me, supply really does drive demand in the creative phase of the creative destruction cycle, and arguments to the contrary are most often based on observation bias. The theory that supply drives demand is Say’s … Continue reading

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Deflation and Deficit Spending

  Dear Friends,   It seems to me, the real reason economists, politicians and Central Bank Presidents are so terrified about deflation, has nothing to do with any pernicious incentives deflation would introduce into the economy, but actually because it … Continue reading

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Bureaucracy vs Complexity

Dear Friends, It seems to me, the main difference between bureaucratic and complex systems, is that bureaucracies are inefficient and primarily benefit those in charge, while complex systems are extremely efficient and the benefits are more widely distributed. This is … Continue reading

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