Some recent Strongtowns articles I found valuable.
- https://www.strongtowns.org/journal/2018/9/4/crony-capitalism
- https://www.strongtowns.org/journal/2018/1/11/two-very-different-perspectives-on-the-same-economic-situation
Put another way: anyone who tells you that economic conditions are clear and that the next course of action is obvious is either a charlatan or is camped on top of Mount Stupid. I've spent time there; the view is quite enchanting. Charles Darwin said, "Ignorance more frequently begets confidence than does knowledge.” You can say that differently: confidence is frequently a sign of ignorance, not knowledge.Peter Schiff could be described as sympathetic to Austrian economics, but I've found him a very consistent voice for a certain kind of thinking he sometimes stands alone on. Like many conservatives, he finds debt to be a major source of fragility but, unlike a lot of modern conservative thinkers, he prefers deficit reduction to tax breaks and adheres intellectually to the notion that budgets must be balanced and markets work in an equilibrium.
I personally find Modern Monetary Theory to be true voodoo economics and I think much of what Kelton says here is nutty, yet in working to understand it — she's clearly very intelligent and the theory is not the byproduct of intellectual laziness — I've found nuggets of truth I would not have otherwise pondered. I'll share those with you in an upcoming column.[amazon_link asins='047052670X,1250116597,1250046564,1118770277,111815200X,0470043601,0470643994,0517548232,B01M7RY2M9' template='ProductCarousel' store='flbikeped-20' marketplace='US' link_id='e7562c58-b095-11e8-9dec-e3b09e36771f']
Posted from my blog with SteemPress : https://flbikeped.com/2018/09/04/reduce-layers-of-complexity-and-understand-basic-economics-and-you-could-help-improve-your-town/