Is There a Conservative Case for QE? - Robert P. Murphy - Mises Daily
no meaningful engagement with the history of economic thought can be derived from extrapolating our nuomenal abstractions onto it as a filter - "dialectical materialism", "class struggle", "mode of production", "primitive accumulation" "aggregate demand" "multiplier effect" (I'm starting to feel ill from repeating this nonsense, I'll stop now)
if one is honest and serious one must use the vocabulary of concepts common to all civilization, like money, property, price, savings, liberty, trade, finance ("usury"), taxation, excise, subsidy, and so on - all deriving from the human activity of exchange for mutual benefit, and none intrinsically presenting the challenge Lord Keynes felt to "revolutionize the entire field [of economics]" in a sustained fit of imperial arrogance and intellectual dishonesty called "pure genius" (Samuelson) - no other field attracts charlatans with such regularity as economics, for obvious reasons
(I mean, the guy was not even trying to win elections, like Marx was! in a century marked by gigantic hubris it is hard to find one more destructive of civilization than of Keynes)
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