Tag Archives: economic models

What is Fantasy Free Economics?

What is fantasy free economics? Fantasy free economics is standard economic dogma with all fantasy removed. After that natural law is added in. All of the erroneous assumptions are removed from standard dogma and corrected assumptions are added back in. … Continue reading

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The Inconvenient Facts

The smartest thing an economist can learn is that economic models have no predictive value. Government interventions have an impact but the impact is in no way related to any intended outcome. Economists can keep records just as accountants do. … Continue reading

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