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But there are empirical questions for this human system... so maybe not laws, but things which should be closed to law.

Reading and listening to the author of debunking economics Steve Keen and his analysis of Debt, he claims that who creates the money in a society is an empirical question. In our society is created by debt, finding deposits comes later.

In other words, whether we are in Minsky fly to safe assets world as DeLong says or in a debt-reduction driven economy should be a matter of empirical analysis, isn't it?

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Mon Oct 4th, 2010 at 05:11:42 PM EST

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