The Koch Family Purchases An Economics Faculty At The Mercatus Center

Tyler Cowen is the Director of the Mercatus Center at George Mason University. He serves on the Board with Charles Koch and Richard Fink who is also on the Board of Koch Industries. The Koch family provides a large share of the funding for Mercatus Center which also provides a home for the Hayec Center which promotes Austrian Economics. This article provides a critique of a post by Tyler Cowen who concluded that a one month uptick in job creation proves three things. It proves that "Old Keynesianism" is dead along with liquidity trap theories. It also proves that Real Business Cycle Theory, incubated at The University of Chicago, is the correct way to interpret the business cycle.

The critique of Tyler Cowen's conclusions from one month's worth of data is devastating, but that is not why I posted this article. I posted it to show how academics can be corrupted by billionaires who provide the funding for a huge staff of economists at the Mercatus Center to broadcast economic perspectives that serve their economic interests. The Koch family has been one of the major sources of funding to global warming deniers as well. Tyler Cowen is just doing his job when he produces academic nonsense. Unfortunately, the Mercatus Center is in the business of distributing misinformation and that is why Tyler Cowen is one of the Directors, as well as a Full Professor in George Mason's Economics Department. He is very good at his job. His productivity is good for the Koch family and bad for academia as well as the public that consumes the misinformation.