Tag Archives: cheap energy

Keynesian Economics Is an Artifact of Cheap Energy

Of the many delusions of modern economics, perhaps the greatest is that the dominant Keynesian model reflects permanent dynamics of advanced economies. Economics, along with other social sciences, makes an implicit claim that its econometric claims are the equal of the … Continue reading

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Why the Periphery Is Crumbling: The Spoils System Is Cracking

Instability starts on the periphery and moves into the core. While it is clear that the instability in periphery nations is arising from dynamics unique to each nation, there is one unifying causal factor: the spoils system in each nation … Continue reading

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