Category Archives: Austrian Economics

We should probably all read “The Capitalist and the Entrepreneur” by Peter G. Klein

Posted on May 14, 2010 by admin

I owe some of my interest in organisations to a guy called Peter G. Klein. Over 10 years ago, when I first decided that there was going to be a shift in the skills required to be an effective manager … Continue reading →

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Des Moore on Central Banks

Posted on May 21, 2009 by admin

Interesting: First, contrary to popular interpretations, the blame for the panic cannot primarily be placed on irresponsible bankers: they responded rationally to the subsidy for credit created by central bankers. But what’s this in the very next paragraph?!?!: Second, Prime … Continue reading →

Posted in Australia, Austrian Economics, Current Events | 1 Comment

Thought of the day

Posted on May 6, 2009 by admin

Mainstream economics is not the cause of the current financial crisis – rather, the cause of the current financial crisis and the cause of mainstream economics being mainstream are the same. (article to follow)

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Comical Economics

Posted on April 3, 2009 by admin

If you want to understand economics, the current state of the finance industry, and some of the corruption caused by bizarre inflationary money systems, it’s worth reading How an Economy Grows and Why It Doesn’t. It’s a comic – which … Continue reading →

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What would a healthy banker say about the the economic crisis?

Posted on March 8, 2009 by admin

After my last few vague ramblings on the economy I wanted to hear what somebody who actually knew what they were talking about thought. I found the ideal candidate: John Allison, former CEO of BT&T Bank (which hasn’t gone broke), speaking for … Continue reading →

Posted in Austrian Economics, Current Events, Personal | 2 Comments

The financial system vs. financial institutions

Posted on March 1, 2009 by admin

Exactly: … what struck me most was Geithner’s repeated conflation of our “financial system” and our “institutions”. Mr. Geither’s unspoken assumption is the fixing our financial system implies ensuring that incumbent troubled financial institutions are “strong”. But that’s not right. … Continue reading →

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Economics still isn’t a formula

Posted on February 26, 2009 by admin

Everybody is citing the article in Wired on the Gaussian copula function.  Apparently, everybody had been applying some clever maths to finance decisions so they thought they had a mathematically valid way of making accurate predictions while eliminating most variables.  … Continue reading →

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Getting closer to Michael Costa

Posted on February 25, 2009 by admin

Some time ago I was trying to form my view on Michael Costa.  I never quite finished that train of thought – but I was definitely leaning towards liking him a lot.   With that in mind I’m attend the following … Continue reading →

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Bailout reader

Posted on September 29, 2008 by admin

Mises.org has released an interesting Bailout Reader of articles and other literature relating to the current ‘financial crisis’ in the US.  It basically says ‘Ha!  Look how clever we were predicting this; and look at the theory that we refer … Continue reading →

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