Ok, we have total logical garbage coming from Scott Sumner today. I think the best way to show it is a (pedantic) little refresher on basic logic. Sumner is either making an incorrect attempt at a disjunctive syllogism or a circular argument. In either case, it's logically flawed and I'll show you why.
Share this post
Market monetarist logic fail
Share this post
Ok, we have total logical garbage coming from Scott Sumner today. I think the best way to show it is a (pedantic) little refresher on basic logic. Sumner is either making an incorrect attempt at a disjunctive syllogism or a circular argument. In either case, it's logically flawed and I'll show you why.