tag:blogger.com,1999:blog-5880610.post1237758427792087201..comments2024-01-13T18:57:18.243-05:00Comments on Information Processing: How they actually MAKE the moneySteve Hsuhttp://www.blogger.com/profile/02428333897272913660noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5880610.post-19806255893600891202009-02-05T01:39:00.000-05:002009-02-05T01:39:00.000-05:00keen appears to have it exactly rightwhether the g...keen appears to have it exactly right<BR/><BR/>whether the governments remedy is the purchase of the banksters toxic waste securities, or tax rebates and deductions, or outright recapitalization of institutions, none of these purported remedies will turn the corner on this ugly ugly financial crisis<BR/><BR/>because the trillions of dollars of debt destruction, dwarf by nearly an order of Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-2602753558719392712009-02-04T12:51:00.000-05:002009-02-04T12:51:00.000-05:00My sense of the history is that the epistemologica...My sense of the history is that the epistemological carelessness of Marxism could be said to mirror the rationalizations and self-justification of 19th century capitalism. Many years ago Karl Popper's <EM>The Open Society and Its Enemies</EM> struck me as getting at the heart of the matter. (Popper's orientation was that of a democratic socialist as well as philosopher of science.)<BR/><BR/>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-83618724488184171342009-02-03T23:34:00.000-05:002009-02-03T23:34:00.000-05:00to 6:19 PM AnonymousMarx also isn't the only theor...to 6:19 PM Anonymous<BR/><BR/>Marx also isn't the only theory which was customized to always explain failure ex post facto.<BR/><BR/>The Austrian School of Economics (ie. Ludwig von Mises, etc ...) was also obsessed with explaining failure ex post facto. Same with Joseph Schumpeter.<BR/><BR/>I suppose explaining failures is a lot easier than coming up with viable solutions.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-25571673493124365562009-02-03T23:13:00.000-05:002009-02-03T23:13:00.000-05:00Marx was an extremely angry guy who wrote thinly v...Marx was an extremely angry guy who wrote thinly veiled pseudo-political tracts, largely reflecting his own personal inadequacies and failures in life. Das Kapital was basically Marx's own version of "Mein Kampf".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-47572861502370497802009-02-03T21:19:00.000-05:002009-02-03T21:19:00.000-05:00Marx was right as usual. Why make it so mysterious...Marx was right as usual. Why make it so mysterious?Anonymousnoreply@blogger.com