If the current level of output and employment is made to depend on inflation, a slowing down in the pace of inflation will produce recessionary symptoms. Moreover, as the economy becomes adjusted to a particular rate of inflation, the rate must itself be continuously increased if symptoms of a depression are to be avoided: to inflate is to have “a tiger by the tail.” FULL ARTICLE
Source link: http://blog.mises.org/9834/the-hayek-keynes-debate-1931-1971/
The Hayek-Keynes Debate, 1931-1971
Previous post: The Upside-down World of John Maynard Keynes
Next post: The Fallacy of Relative Evil



{ 3 comments }
Growthology tries to trump Mises.org without acknowledging it: Is it Ethical for Dane Stangler to Backdate Research? While Schramm ignores Hayek and Mises in his anti-intellectual books?
By entrepreneurshipeconomist
“Can Schramm win a Nobel Prize for discovering the Mises Insititute via a search engine? Does discovering Hayek’s page on wikipedia constitute original “growthology†research according to Dane Stangler?â€
While the Mises Institute dwarfs growthology in popularity and traffic, Dane Stangler and the well-fiunded Schrammenomomics disciples refuse to acknowledge/link to it:
http://www.alexa.com/siteinfo/mises.org+growthology.org
It is simply amazing what Schrammenomics will do–because Schramm sits atop a $2.5 billion foundation, he has the power to deter a young lad from seeking the truth himself and googling this without Schramm’s permission: http://www.google.com/search?hl=en&q=mises+entrepreneurship&btnG=Search
Dane Stangler is definitely working for Schramm’s comedy team. He is now responding directly to this blog, trying to claim that Schrammenomics is actually all about Austrian economics (backdating phantom research), even as Kauffman/Growthology refuse to link to or cite mises.org. Schramm mentioned neither Hayek nor Mises in his book GOOD CAPITALISM BAD CAPITALISM, while wiring hundreds of millions to univeristy Statists who oppose Austrian economists in all their actions, while also never teaching nor reading the Austrians, as Schrammenomics redefines entrepreneurship in the Statist’s image.
In his most recent post at the “growthology†blog which was launched on Kauffman’s dime in a web 2.0 attempt to cloak Schramm’s incompetence and gloss over the seven-year erosion of the economy and the spirit of entreprenuership by anti-intellectual/anti-entrepreneur/anti-Austrian, pro-Statist Schrammenomics, Stangler writes, “A generation of entrepreneurs becomes the next generation’s elite, the position of whom is then challenged by newer entrepreneurs. Henri Pirenne knew this; Joseph Schumpeter and his intellectual cousins, the Austrian economists and German historicists, knew this. We are apparently rediscovering it today. (AHAHH HA HA HA ! HAHAH HA!) Research we have been working on the Kauffman Foundation, soon to be released, will confirm this broad theme.â€
http://www.growthology.org/growthology/2009/04/the-next-economic-wave.html
The blog post is so hilarious, I don’t know where to begin. Stangler ways “We are apparently rediscovering it today,†and by “We†he means the three anti-intelletcual lawyers/anti-economists who just learned how to google “Austrian economics entrepreneurship†and think that that counts as a “discovery,†just because they are funded by Kauffman’s misappropriated millions.
http://www.google.com/search?hl=en&q=austrian+economics+entrepreneurship&aq=f&oq=
Look at how much traffic Mises.org gets compared to Growthology.org:
http://www.alexa.com/siteinfo/mises.org+growthology.org
Stangler saying that he and his Kauffman/Schrammenomics cohorts are the first to “rediscover†Austrian economics is like Carl Schramm walking outside his lavish office/Schrammenomics/Kauffman compound and stating “I have rediscovered America!!â€
I can see Stangler applying to the Nobel Committee as he and Schramm patent thier use of google to search “austrian economics entrepreneurship,†being the first to discover the over 65,000 results.
Stangler is a classic Statist in training. Truth and wisdom do not derive from the individual, but they must wait for Schrammenomics-funded Stangler to discover it on google, whereupon it then becomes offical State wisdom, just as long as he wears a tie while blogging about it. Without Kauffman’s/Schammenomic’s billions backing it, the research has not yet gained its apotheosis. It is not until the Austrian views on entrepreneurship are distilled, dumbed down, edited, deformed, destroyed, and repackaged by Stangler et al that they become worthy of the world’s Statists. It is not until the Austrian wisdom, born by free-thinking rugged individuals such as Mises and Hayek who never received posts nor salaries such as Schramm’s multi-million-dollar CEOship, it is not until the Austrian wisdom is quoted by one of Schramm’s employees that it becomes pertinent and real. It is not until Schramm and his Harvard MBA’s/JD’s coin a buzzword such as “growthology†and slap it on the Austrian’s work that the Austrians have any use or merit. It is not until Schramm announces to the group that Hayek and Mises are OK to talk about that the group is allowed to talk about Hayek and Mises without fear of their funding being cut. For Schrammenomics is a benevolent beast. Whereas Hayek and Mises were individuals who found it difficult to find univeristy posts and employment, Schramm is the superior man–the CEO and groupthink leader–the second hander and distiller who makes the individual glory, genius, and intellect of Mises and Hayek safe for the Statist, by eroding it, disparaging it, and destroying it–in the same way Schrammenomics has eroded the academy and economy. Hayek predicted what would happen to both Kauffman and the US Economy under Schrammenomics:
“Perhaps the most alarming fact is that contempt for intellectual liberty is not a thing which arises only once the totalitarian system is established but can be found everywhere among those who have embraced a collectivist faith (growthology’s faith that Schrammenomics is teh one, true way). The worst oppression is condoned if it is committed in the name of socialism (growthology/schrammenomics). Intolerance of opposing ideas is openly extolled (Stangler et al are 100% loyal to Schrammenomics–Schramm exiles indpenent thinkers); The tragedy of collectivist (growthology) thought is that, while it starts out to make reason supreme, it ends by destroying reason. There is one aspect of the change in moral values brought about by the advance of collectivism which provides special food for thought. It is that the virtues which are held less and less in esteem in Britain and America are precisely those on which Anglo-Saxons justly prided themselves and in which they were generally recognized to excel. These virtues were independence and self-reliance (not Stangler who backdates Kauffman’s research to make Schramm look good), individual initiative and local responsibility (it takes a village of Schrammenomic bloggers to run growthology) , the successful reliance on voluntary activity, noninterference with one’s neighbor and tolerance of the different, and a healthy suspicion of power and authority (as Stangler ever questioned Schramm’s power and authority, even as Schrammenomics collapses teh eocnomy/academy). Almost all the traditions and institutions which have molded the national character and the whole moral climate of England and America are those which the progress of collectivism and its centralistic tendencies are progressively destroying (look at how worshipping growthology and Schrammenomics leads to the unethical backdating of unreleased research–why doesn’t Styangler just hurry up and post some quotes form the Austrians–why must it all first be compressed, distilled, and de-souled.â€
How does Schramm expect to win the Nobel prize by funding a team of lawyers to “discover†all that he has been ignoring and rejecting throughout his entire life, as well as throughout the past seven years of Schrammenics whence a vast and great opportunity was lost to inspire entreprenuership across the land. Schram could have saved the economy by funding not arrogant Dane Stangler lawyer/conformists/Scrhammenomics research-backdating cleanup crew/PR specialists, but by funding entrepreneurs and innovators. Dane has the hardest job in the world–ignoring the beuaty and glory of the Austrians for the sveen years of Schrammenomics while backdating Kauffman research to make it look like Schrammenomics embraced the Austrian economists all along, while, in reality, you will find not one mention of Hayek nor Mises in his book GOOD CAPITALISM, BAD CAPITALISM. How the hell one could write a book on modern capitalism WITHOUT MENTIONING HAYEK AND MISES is beyond us, and it is certainly an accomplishment in itself.
A great thing about Schramm stepping down from Kauffman is that he will take Stangler et al with him, and rather than focusing on campaigning for the Nobel in economics while ignoring the intellectual giants who defined modern free markets, the new president will be able to invest in entrepreneurs and innovators instead of Stanglers. A thousand flowers will bloom when Schramm steps down, and no longer will Kauffman be defined in an opaque, undefined manner, as Schramm took great pride for in a recent WSJ article, but Kauffman’s definitive vision of supporting entrepreneurs and entreprneurship–of supporting wealth creation and education–as opposed to Schrammenomics–will be realized.
Just as ethics have corroded in our corporations, ethics have corroded in our Foundations. Hayek notes that when the truth ends, the worst rise to the top, and by suprressing Hayek’s and Mises’ beuatiful truth, genius, and wisdom, Schramm rose to the top in a characterless, Machiavellian, doublespeaking, anti-intellectual manner; refusing to hire/fund anyone smarter than him, while employing conforming PR lawyers/MBAs to laud Schrammenomics. He is campaigning for the Nobel in eocnomics via corproate methods, as he truly thinks that Scholariship does not derive from the individual and original thought, but that it best defined by funding Stangler lackeys to pen PR and backdate Kauffman research as they are the first to “discover†Austrian economics. Schramm lacks both the character and intellect to a) admit to his blown opportunity which resulted in the Schrammenomics devastating our academies and economy while placing students and the nation in unprecedented debt and b) truly embrace the Austiran economists on any profound level which will actually change the course of Kauffman. You can’t teach an old dog new tricks, and although you can lead a horse to water, but you can’t make in think. The fact that Schramm was allowed to run Kauffman for seven years while ignoring/rejecting the Austrians is related to the fact that under his leadership and the era of Schrammenomics, entrepreneurship and academia have been dumbed down, as rather than funding courses on Austrian economics, Schramm wired hundreds of millions to college adminsitrators/MBAs putting on the best dog and pony shows and coming up with new buzzwords such as “growthology†which means growing Schramm’s chances for the Nobel in economics by backdating Kauffman research which Schramm never performed in the first place, as Schrammenomics completely ignored Hayek and Mises in his lackluster one-star book which helped creater the economy by its very indecipherableness, which displaced the Austrians on the bookshelves due not to Schamm’s intellect and vision, but dude to the fact that he commandeered the a $2.5 billion foundation to poer his Austrian-free, Orwellian-entrepreneurship vanity press: Good Capitalism, Bad Capitalism. Good Capitalism is Schrammenomics–using words to obscure and deceive and never define (as Schramm takes great pride in in the WSJ), failing to match word and deed and hiring corporate laywers to backdate research while exiling Austrian economists for over seven years. Bad Capitalism Schramm defines as honest, rugged risk taking, independent, individualistic thought, innovation, and growing the economy via innovation, which is why Schramm refuses to fund innovation and innovators but only corporate lawyers/Harvard MBAs/policy wonks who make him look good and allow him to take credit for entrepreneurship’s true glory as the economy declines.
Schrammenomics = backdating Kauffman research to make him look good while ignoring the Austrians for decades and then suddenly “discovering†all those who did the research by googling “Austrian economics entrepnereurship.†Can Schramm win a Nobel Prize for discovering the Mises Insititute via a search engine? Does discovering Hayek’s page on wikipedia constitute original “growthology†research?
Schrammenomics = ignoring intellectual giants such as Hayek and Mises in penning a book about economics.
Schrammenomics = wiring hundreds of millions of dollars to univeristy adminsitrators who never read nor teach the classical economists, rewarding them for raising student tuitions and ugmenting student debt in an unprecedented manner, as they dumb down the campus by teaching Schrammenomics instead of Hayek and Mises
Schrammenomics = campaigning for the Nobel prize not by standing upon the shoulders of giants so as to see further, but by a) ignoring them and then b) trying to take creidt for everything that was already said far better.
Schrammenomics = campaigning for the Nobel prize utilizing cut-throat corpoate methods, hiring a team of Kauffman laywers/PR specialists to backdate research and say “really we were working on this all along, but Schramm is a humble man and did not want to share his genius, lest it seem prideful.â€
Unless I miss my guess, Stangler’s “research†will be a dumbed-down survey of the Austrians, taking them out of context and using them not to inspire an entrepreneurial renaissance, but only to serve his boss’s campaign for the Nobel in economics.
It is hilarious that Kauffman’s “best and birghtestâ€, handpicked by Schramm who refuses to employ anyone smarter them himself who might outshine the master, are just now realizing that there is a School of Auistrian Economics, after Schramm spent seven years dumbing down univeristy campuses and funding programs excluding Austrian economists to please his Statist friends, wiring hundreds of millions to university administrators who throw him lavish parties for his speeches, hoping to get a cut of the $2.5 billion, while, like Schramm, never reading Hayek nor Mises.
Is it ethical for Stangler to backdate unreleased research with “Research we have been working on the Kauffman Foundation, soon to be released, will confirm this broad theme,†while Schramm has been consitsently and constantly ignoring and rejecting the Austrian economists in his books and works, while wiring hundreds of millions to the Statists who also oppose Austrian economics by their very nature–by their very actions? After seven years of Orwellian Schrammenomics, look at what has happened to the economy, to the DOW, to the national and personal debt, and to entrepreneurs and small businesses which are now reuglated more than ever, as Schramm wires hundreds of millions to univeristy administrators and legal scholars, as opposed to entrepreneurs and those who respect them, such as Hayek and Mises.
http://www.marketwatch.com/news/story/A-cult-finance-protecting-failed/story.aspx?guid={A581A991-DEB6-4DBE-ADC2-316FDD493450}&ref=patrick.net
While Schramm funds statists and anti-intellectual, innovation-free goryupthink growthology buzzword bloggers, Mises rewards entrepreneurs:
http://www.youtube.com/watch?v=InVKpxhsUus
I challenge Stangler to link to any of this, as although it might seem like a sure bet to a lawyer/Statist, I am not sure ho wmuch longer Schrammenomics will be allowed to erode the economy and spirit of entrepreneurship.
It is time for Schramm to step down and liberate Kauffman’s funds from his single-minded, anti-Austrian, anti-intellectual, anti-entreprenuerial campaign for the Nobel Prize/Statist approval, and let Kauffman’s vision be realized. A thousand flowers will bloom when Shramm steps down and entrepreneurs are given the chance to define entreprnuership, rather than Schramm’s handpicked “growthology†Schrammeconomists.
Jeffrey or whoever decided to put this up: well bloody done. This is amazing. Sudha Shenoy, what a loss. Her blogs were always so informative. This article is brilliant…it makes me want to read more Shenoy herself although she is recommending Hayek. I will have to buy the book. I wonder if she has any books of her own out there…
Finally fellow bloggers are calling the massive kauffman korruption out.
F.A. Hayek warned us: Carl Schramm Buys Himself A George Eastman Medal (for academy/economy-killing Schrammenomics) from the University of Rochester While Dumbing Down The Universe With Schrammenomics
By entrepreneurshipeconomist
F.A. Hayek warned us about the Orwellian Carl Schramms of the world–the “Mastermind†statists who would rise to oppose entrepreneurs in the name of entrepreneurship and kill innovation while pretending to embrace it, as they bought themselves medals, honors, and awards while building a cult-of-personaility regime around themelves; transforming a noble foundation (the Kauffman Foundation) into a personal vanity press, compound, and ATM machine; tormenting and sabatoging superior competitors via vile subterfuge, undermining the free market, and raging against truth and reason. “Even more significant of the inherent weakness of the collectivist theories is the extraordinary paradox that from the assertion that society is in some sense more than merely the aggregate of all individuals their adherents regularly pass by a sort of intellectual somersault to the thesis that in order that the coherence of this larger entity be safeguarded it must be subjected to conscious control, that is, to the control of what in the last resort must be an individual mind (SCHRAMMENOMICS! ONLY ONE MAN CANRECEIVE EASTMAN MEDLAS AND WRITE THE BOOKS!). It thus comes about that in practice it is regularly the theoretical collectivist who extols individual reason (CARL SCHRAMM PRETENDS TO SALUTE ENTRPENEURSHIP AND INNOVATORS) and demands that all forces of society be made subject to the direction of a single mastermind (SCHRAMM SECRETLY SEEKS TO DESTROY HIS SUPERIOR COMPETITORS, USING THE KAUFMAN FUNDS TO PUNISH SUCCESS AND INNOVATION AND FUND SYCOPHANTIC GROUPTHINK SUPPORTERS), while it is the individualist who recognizes the limitations of the powers of individual reason and consequently advocates freedom as a means for the fullest development of the powers of the interindividual process.â€
Just like the firefighters in Farenheight 411, Schramm’s chief aim is not to save the Mises and Hayek books, but to burn metaphorically them, as he ignored F.A. Hayek and Ludwig Von Mises in his dumbed-down, insipid, and dense GOOD CAPITALISM, BAD CAPITALSIM.
Is it any wonder Schramm is trying to erase F.A. Hayek and L.V. Mises from discussions on capitalsim, while he grows his dumbed-down, “growthology-MBA-buzzword†regime and funnels millions of Kauffman dollars into his own pocket?
After seven years of dictatorial, dumbed-down Schrammenomics and Carl Schramm redefining exalted entrepreneurship in his own maniacal, egostistical, dumbed-down, carboard bureaucratic, shapeshifting image, the economy is in shambles (schrammbles).
Because of a massive ego which dwarfs his meager intellectual talents, over the past seven years Schramm has defunded true economists who are smarter than him (or who mention Hayek and Mises whom Schramm completely ignored in his indecipherable, dumbed-down book GOOD CAPITALISM (SHCRAMMENOMICS): BAD CAPITALISM (HAYEK: MISES) while hijacking the Kauffman Foundation’s resources, funneling millions into his own pockets, and devoting the rest to funding dog and pony shows and wiring millions to university administrators, who most naturally oppose true innovation, honorable scholarship, and the true entreprnuership which would rescue our ailing economy, while embracing Schrammenomics.
Carl Schramm Buys Himself A George Eastman (for economy-killing Schrammenomics) Medal from the University of Rochester While Dumbing Down The Universe With Schrammenomics
Wikipedia reports: Schramm received the George Eastman Medal from the University of Rochester in …
The Kauffman website reports: “The University of Rochester, an inaugural Kauffman Campus, submitted a proposal to make entrepreneurship a comprehensive and defining institutional goal.†Kauffman wired millions to Rochester.
Conflict of interest? Should foundation heads receive medals with entrepreneur’s and innovator’s names on them after hijacking foundations bequeathed by other entrepreneurs? Especially when the foundation heads have done far more harm than good in dumbing down the academy and killing the eocnomy over their seven year anti-entrepreneurship, pro-Statist crusade and reign with an iron fist?
So it is that Carl Schramm uses the Kauffman Foundations funds to buy himself medals, while simultaneously dumbing down the academy and killing the ecomony with Schrammenomics.
Carl Schramm has redefined entrepreneurship as 1) hijacking a foundation and transforming it into a vanity press for one’s own unscholarly works (and armies of MBAs/Jds chanting growthology, growthology, growthology) which neglect to mention Nobel Laureate economists and intellectual giants such as F.A. Hayek and Ludwig Von Mises. He then handpicks a cadre of useful idiots/Dane Stanglers to attempt to backdate Kauffman research to make Schramm the Statist look like an Austrian eocnomist, while Schramm bases the Kauffman Foundation’s grants on which student-debt growing college administrators give him the most prestigious medals–not for his non-existent, insipid, dumbed-down scholarship, but for his ability to wire another man’s (Kauffman) and noble Foundation’s money.
Schramm is not Kauffman, and when he steps down, a thousand flowers will bloom as capital is allocated towards entreprneuers, students, professors, and innovators; and not towards the schrammenomics dog-and-pony show, medal-buying, Nobel prize campaigning cartel.
“I sit on a man’s back, choking him, and making him carry me, and yet assure myself and others that I am very sorry for him and wish to ease his lot by any means possible, except getting off his back.†–Tolstoy Writings on Civil Disobedience and Nonviolence (1886)
F.A. Hayek/Mises warned us about Carl Schramm et al.’s Temporal Tyranny and Postoffice, where he hires thug deputies such as Dane Stangler to backdate research and make it look like Schrammenomics embraces the Austrains, when, in fact, he compeletly ignores them in word, deed, spirit, and action–in his books and medal acquisitions alike.
Because Schramm has hijacked the $2.5 billion Kauffman foundation, he runs it as a top-down dictarorial CEO would, with every action motivated by self-preservation as the Nobel in economics slips further and further beyond his intellectually-inept reach. Sycophantic lockstepping lawyers such as Dane Stangler will never call Schramm out, as their salary depends on supporting Statist Schrammenomics above truth, beauty, classical economics, deep scholarship, and reason, and they will go so far as to backdate Kauffman research to serve their corrupt medal-buying master.
Carl Schramm did not build Kauffman, and it is time for Carl to step down.
Carl Schramm is not Kauffman, and it is time for Carl to step down.
Carl Schramm does not own Kauffman, and it is time for Carl to step down.
Kauffman did not will for his vast welath to become a Schrammenomics vanity press, and it is time for Schramm to step down.
Nowhere did Kauffman will for Carl Schramm to use a $2.5 billion warchest to purchase medals form Rochester, pen and promote insipid, self-serving books lauding Schrammenomics via a Kauffman-funded vanity press/growthology MBA-buzzword blogging cartel, while completely ignoring intellectual diants such as L.V. Mises and F.A. Hayek, and it is time for Carl Schramm to setp down.
Nowhere in the foundation’s charter did it stipulate that Carl Schramm was to lord over the Kauffman Foundation for all of entirety as the economy withered, crashed, and died; as millions of entrepeneurs, works, and common folk lost their homes, savings, pensions, businesses, and jobs to Schrammenomics’ self-serving socilaism; and the entrpreneurial spirit was replaced with Schrammenomics
The most important elements in entrepreneurship are character and integrity. The most important elements for Statists/Schrammeconomist are the lack of character and integrity and the ability to use words to mislead and deceive while laying claim to a dead entrepreneur’s estate. While Hayek and Mises used words for truth, Schramm uses words for mere personal profit and purchasing medals and promoting lackluster, anti-intellectual, dumbed-down books, and then when his lackluster, anti-intellectual, unscholarly works fall short, he has to try and put all better economists out of business by leveraging his $2.5 billion warchest. Imagine if Hayek and Mises had used a $2.5 billion warchest to put their competitors out of business and buy medals. They would never do this. For they had character and integrity, which Schramm the self-serving tyrant/Statist completely lacks.
Whenever those with a fundamentally socialist, central-planning, bureaucratic mindset approach entrepreneurship, they generally end up creating a groupthink tyranny which kills the spirit of entrepreneurship, while simultaneouly profiting off the fruits of entrepreneurship and free markets, even as such exalted entities wither and die under the Schrammeconomists’ reign of corporate terror, whence a Foundation’s resources are leveraged to put competitors out of business so that the Schrammeconomist’s inferior work might prevail in the dumbed-down market, thusly exlating Schramm as teh eocnomy and academia decline. The study and teaching of entrepreneurship requires a great character and intellect, and an even greater humility. Over the past seven years Carl Schramm has demonstrated that he lacks character, intellect, and humility; and the economy and academy have suffered immensely under is reign.
1) Carl Schramm lacks character: Schramm has beocme famous for syaing one thing while doing another and making promises he never keeps. This has been pointed out elsewhere on the internet, and it is also manifested in that he runs the Kauffman Foundation like a tyrant, pocketing millions of dollars for his inspidid treatises on Capitalism which compeletly ignore the towering giants of the field including Ludwig Von Mises and F.A. Hayek. Not referencing the Greats who have walked before you is a serious sign of unscholarly egomania, ineptitude, and a withered character. Rather than funding true economists and entrepreurs, Schramm actually uses the Kauffman foundation’s funds to oppose them while campaigning for the Nobel in economics, wiring hundreds of millions to Statists and intellectually-indifferent University administrators. Schramm runs the Kauffman Foundation not as a charitable foundation, but as a corrupt corporation which enriches Schramm in a massive manner with millions, while also allowing him to try and put his competitors out of business, funding groupthink growthology bloggers to dumb down the internet. Should a foundation be run by those with lackluster, unscholarly books to promote and a track record for academic irresponsibility? Will they not by and by use the foundation’s resources to try and put their superior competitors out of business in cloaked, obfuscating, unmanly manners, all the while preaching fair markets and free markets? Because Schramm lacks character, integrity, and intellect, he profits not by serving entrepreneurship’s ideals, but by saying one thing while doing another and hiring Dane Stangler to backdate research trying to claim that Schramm was the first to discover/rediscover Austrian economics. Actually the Austrian economists discovered Austrian economics. And Schramm destests them because they call his failed Statist bluff with every word.
http://dealbreaker.com/2007/05/the-unsurprising-failure-of-et.php
Posted by John Bunch, Ph.D., May 03, 2007 8:50AM
It is interesting that Dealbreaker references Carl Shram of the Kauffman Foundation as an authority on ethics. Those of us who live in the Kansas City region know that Carl Schram and been a controversial figure since he was appointed to his post a number of years ago. Board members have resigned in protest of his leadership style and strategic choices. His controversial leadership led to the Missouri Attorney General reviewing the Kauffman Foundation for not staying true to the intent of Ewing Kauffman. The purpose of this review was stated as:
“In light of the public allegations of a departure from Mr. Kauffman’s intent, lack of appropriate oversight by the Board of Directors, and certain instances of conflicts of interest. †(http://www.ago.mo.gov/newsreleases/2004/kauffmanreport030404.htm#conclusion)
See also this editorial from the Kansas City Business Journal (http://www.bizjournals.com/kansascity/stories/2003/09/15/editorial1.html)
Ewing Kauffman was famous as an ethical leader. Carl Schramm is not.
–http://dealbreaker.com/2007/05/the-unsurprising-failure-of-et.php
2. Carl Schramm lacks Intellect: Suppose you were to write a treatise on philosophy and leave out Aristotle, Plato, and Socrates. Suppose you were to write a treatise on physics and leave out Einstein and Newton. Schramm wrote a treatise on kapitalism and he left out Nobel Laureate F.A. Hayek and his teacher Ludwig Von Mises.
Conduct a search in GOOD CPITALISM: BAD CAPITALISM.
0 results for ‘hayek’
0 results for ‘mises’
Now Schramm has hired Dane Stangler to backdate Kauffman research to show that really Schramm was thinking about the Austrians all along; and again this ties into Schramm’s complete lack of character and corrupt nature.
3) Carl Schramm Lacks Humility: When one has no achievements other than commandeering a foundation for one’s own personal profit and intellectually-indifferent, vapid, Statist vanity press, one has nothing to be humble about. If Schramm had any humility he would apoligize for what he and his Statist, doublespeaking philosophies have done to academia and the economy, and he would step down.
Hayek reminds us that economics is about values, ethics, and character–not about doublespeaking Schrammenomics:
“I have arrived at the conviction that the neglect by economists to discuss seriously what is really the crucial problem of our time is due to a certain timidity about soiling their hands by going from purely scientific questions into value questions. This is a belief deliberately maintained by the other side because if they admitted that the issue is not a scientific question, they would have to admit that their science is antiquated and that, in academic circles, it occupies the position of astrology and not one that has any justification for serious consideration in scientific discussion. It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide.
Conversation at the American Enterprise Institute for Public Policy Research, Washington, D.C. (9 February 1978); published in A Conversation with Friedrich A. Von Hayek: Science and Socialism (1979) –Hayek
“If man is not to do more harm than good in his efforts to improve the social order, he will have to learn that in this, as in all other fields where essential complexity of an organized kind prevails, he cannot acquire the full knowledge which would make mastery of the events possible. He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants.†Schramm has done more harm than good by placing his campaign for the Nobel Economics and hiring/funding growthology groupthink bloggers, over supporting entrepreneurs, innovators, and entrepreneurship. After seven years of Schrammenomics, look at the economy where millions ar elosing their jobs an dhomes. Look at the academy and the skyrocketing tuitions at the Kauffman campuses which place studnets in massive, unprecedented debt, with Kauffman campuses such as Oberlin and Keynon oft leading the way.
http://www.newsnet5.com/education/19073605/detail.html
How many more years of Schramenomics will the Kauffman board allow? When Schramm steps down, a thousand flowers will bloom, and the greats such as Ludwig Von Mises and F.A. Hayek will be given theior rightful place in the academy, as opposed to Schramm’s MBA/lawyer groupthink thugs who Schramm handpicked to serve the Schrammenomics tyranny over truth and reason.
In the recent Wall Street Journal article, Carl Schramm took great, smirking pride in the fact that nobody really knows what it is that the Kauffman Foundation is or does. Well, if you were out buying medals, building a cabal of lockstepping growthology MBA-buzzword bloggers to further your campaign for a Nobel Prize with unscholarly, unhorable, anti-intellectual books, while you let the eocnomy die while keeping Kauffman’s funds from reaching the students, innovators, schoalrs, and entrpreneurs, you would probably not want anyone to know what the Kauffman foundation is or does either.
This is simply tragic.
Kauffman was a great, definitive man with character, direction, and exalted leadership.
Schramm is a cowering, quivering doublespeaker and politician who is way out of his league in intellectual matters, which is why he must deny the bright sunlight of Hayek and Von Mises, so as to keep the Kauffman Foundation in darkness during his reign of terror and anti-intellectualism, anti-free marketplace of ideas. The tragic result is that instead of leading–instead of using Kauffman’s funds to exalt and educate and further innovation and entrepreneurship, Schramm is using them to purchase medals, line his private pockets, promote his vanity press, and bring others down; leveraging a $2.5 billion endowment to kill the free marketplace of ideas and spam the internet with links and trackbacks to his “growthology†PR campaign.
And after seven years of Schrammenomics, is the eocnomy better off? Are you better off? Probably only if you are Dane Stangler or one of Schrammenomics’ Kauffman-funded disciples.
“[Socialists] promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office.â€â€ –Ludwig Von Mises predicting what the Kauffman Foundation would become after seven years of tryannical, corporate-CEO, personal-profiteering, anti-intellectual, anti-entrepreneurial Schrammenomics.
http://dealbreaker.com/2007/05/the-unsurprising-failure-of-et.php
Posted by John Bunch, Ph.D., May 03, 2007 8:50AM
It is interesting that Dealbreaker references Carl Shram of the Kauffman Foundation as an authority on ethics. Those of us who live in the Kansas City region know that Carl Schram and been a controversial figure since he was appointed to his post a number of years ago. Board members have resigned in protest of his leadership style and strategic choices. His controversial leadership led to the Missouri Attorney General reviewing the Kauffman Foundation for not staying true to the intent of Ewing Kauffman. The purpose of this review was stated as:
“In light of the public allegations of a departure from Mr. Kauffman’s intent, lack of appropriate oversight by the Board of Directors, and certain instances of conflicts of interest. †(http://www.ago.mo.gov/newsreleases/2004/kauffmanreport030404.htm#conclusion)
See also this editorial from the Kansas City Business Journal (http://www.bizjournals.com/kansascity/stories/2003/09/15/editorial1.html)
Ewing Kauffman was famous as an ethical leader. Carl Schramm is not.
–http://dealbreaker.com/2007/05/the-unsurprising-failure-of-et.php
Comments on this entry are closed.