Weekly Irrefutable

“Imports equals exports, or you can rearrange the equation to say exports equals imports – @EconCircus[1] The questions: Is a trade surplus or deficit possible in a barter economy? The answer: Yes, but only when one someone gives something away for free. Under voluntary trade one party exchanges goods or services for another’s in a […]

“Economics ends where Keynes begins.” – @EconCircus[1] Please pay attention to the current state of society and take stock of the economic failure ahead. The anti-capitalist polices championed by mainstream economics has led us here. Now, we have the opportunity to watch as they lead to cataclysmic failure one after the other. Here are a […]

“The Centers for Disease Control and Prevention (CDC) does not recommend that the general public wear N95 respirators to protect themselves from respiratory diseases, including coronavirus (COVID-19). Those are critical supplies that must continue to be reserved for health care workers and other medical first responders, as recommended by current CDC guidance.”[1] Consider how bad the […]

“A firefighter has never been criticized for using too much water.” – Bank of Canada Governor Stephen Poloz[1] What is the problem with paying people to do nothing? Let’s begin with an extreme example first, then work back into a real-life example using the airline industry. What would happen if the government shut down 90% of […]

“It’s that rat circus out there, I’m beginning to enjoy it.” – Max Rockatansky[1] Think about every post-apocalyptic film you have ever seen. Whether it is a global pandemic, robo-apocalypse, global warming, zombies or an alien threat, they all share the same central problem: low to non-existent “social co-operation.” In such a film, there is […]

“May you live in interesting times.”[1] Most people don’t aspire to obtain a position of absolute power over others, but many psycho-sociopaths do, and some of them even seek political position with the belief that they know what’s best for you and me. It was Hayek who had a chapter in The Road to Serfdom […]

“We are all socialists now.” – Newsweek Magazine[i] There is a wrong way to talk to a socialist and then there is a right way; the wrong way may be entertaining but not effective, while the right way can be informative and have a positive impact on the person. The Wrong Way: Talk about Hitler […]