Yeah, well in a pragmatic sense you are right. Problems arise, however, when you consider what the "it works" part of it could mean. An extension of this might go "it works....to achieve its ends/goals/purposes" whatever they may be. IMO, you can ...

Yes, I have often thought along similar lines. My problem, though, is that the ways in which people often try and make sense and draw conclusions and "life lessons" from such observations (as in Astrology) may well be rooted in fallacy based around ...

Hi there You make my point for me really, because the predominant economic system we have cannot reform itself (ie cannot be the object of serious analysis and criticism), at the same time as it is being used by those who would analyse and criticise ...

Yes, basically I agree. Following on from this, it is probably also to do with fact that we have allowed both fatalism and determinism to, to a significant extent, govern the ways in which we understand Liberty and how it should be expressed within ...

I don't know why more don't question the credibility of S&P and Moody's in particular. Where were they leading up to the GFC??

Maybe....but maybe not. IMO opinion, it is potentially a greater threat than the banking system we have now.

I find this disturbing. Corporate banks are potentially the most destructive due to the place of banking in today's credit driven economies. Given China's political proclivities combined with its centralised economy, what hope is there that ...

This sort of nonsense coverage is typical of CNBC. In NZ, substantial opposition is growing to the TPPA. It looks as though the govt. may not get the votes in parliament to ratify it. I hope we never have to live with it, or its like - ever.

I believe the rise across the board of the NZD was, at least in part, a response to PM John Key (previously the head of trading at Merrill Lynch before 2002) commenting before the rate announcement that the NZD had fallen to 0.65 faster than ...

video And this, also from Thomas Woods

video Food for thought from Thomas Woods, the author of "Meltdown" I think Woods makes many great points but, in the context of a well developed economic theory, he also comes up short. I think it is possible to meld Libertarian ideas with other ...

Prophetic. I would like to see the arguments of economists who supported and played a part in developing the structure for the Euro, as well as how they envisaged its development. If there was a development plan, it isn't obvious

If I am not mistaken, the banks that can (ie US and UK) are crunching the Euro.......witness EU and EG.

Very nice article.

Don't forget what Tsipras has said: that they want to be there to fight for a better Europe from the inside. Also, don't forget the IMF, which has been sounding a little two-faced lately. Either Christine Legarde really doesn't accept the history, ...

I agree, but the acceptance of risk is what should have been expected in the world of private banking, in the first instance. Instead, they decided not to do so and, due to the 'too big to fail' status of the large corporate banks, were able to ...

Good article

One the one hand you have the institutions, which have the advantage of professional spin merchants and obfuscators, writing speeches and press releases that are designed to sound impressively knowledgeable and economically competent, but also to ...

IMO, the IMF statement itself, while in essence comes to the right conclusion, also has inconsistencies; or there is simply not enough information available to tie the loose strands together.

On Germany's economic outlook: url There are many who make similar points, from within Germany and Europe as well, namely: 1. Aging population, with significant skill shortages already. 2. Immigration will help, but there will be an issue of ...