Positivism eliminates any kind of natural law principle - for example, that there are economic laws which can be transgressed only at your peril. With positivism, there is a tendency to leap into ad hoc economic theory.
economic eliminate hoc
Murray Rothbard
These are some quotes by American author Murray Rothbard Economist, who lived between March 2, 1926 and January 7, 1995.
Quotes by Murray Rothbard
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Finding a 'sacrificial lamb' on whom to tag blame for complicated problems is an important instrument in the toolkit of politicians, because it deflects blame for the nation's economic woes away from their own regulatory lapses, economic mismanagement and coddling to labor unions.