Archive for March 3rd, 2016

Cnut the Great

According to legend, at least, Cnut was the wisest of all kings, precisely because he ironized the attribution of sovereignty.

“Surely, Great King, you are ominipotent Fnargl himself!”
“Let us then test the claim, shall we?”

Modern macroeconomics is the systematized refusal to learn from this story. Sovereignty does not rise above the waves.

March 3, 2016admin 12 Comments »
FILED UNDER :Realism
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