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| Keynes & his legacy are still very much with us today |
[Hayek] continued to view unemployment as a basic supply and demand problem, just as Ludwig von Mises and his conservative Austrian disciples did. Keynes merely rejected the view that markets could resolve the problem on their own or that states could speed up the project by curbing the power of labor unions to set unrealistically high wages. Inflation, ultimately, was a roundabout way of cutting everyone’s pay. Rising prices reduced the purchasing power of workers’ paychecks. With pay reduced, employers would then be able to hire more people. A policy of deliberate inflation was not only politically easier than an attack on organized labor, it ensured that particular industries would not be unfairly singled out.
[Collingwood] sometimes puts his point by declaring that nothing can be considered as evidence by a historian until it is seen as answering a question he wants to ask.
[W]e all respond to carbohydrates differently. Enormous variation exists from person to person. That’s one very good reason why, given the same foods to eat, some of us will grow up to be built like fashion models and some of us will be extremely obese. Moreover, different cells and tissues even in the same individual respond differently to insulin. Here, too, there’s enormous variation.
It's not the calories in sugar that do the most damage, it's the way that excess added sugar is metabolized in the liver, which causes chronic disease and distorts brain and hormone signaling, leading people to feel increasingly hungry, even as they eat more and more.
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