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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 413.19+1.1%Jan 6 4:00 PM EST
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To: kayco who wrote (50375)5/24/2009 7:51:28 AM
From: elmatador  Read Replies (1) of 219056
 
Hey kayco, welcome to our thread! If the practice had proved one man right, he has just to find a simple explanation for it.

The complicated, (which is the opposite to the simplistic) it is a theory which tries to explain the practical world.

Economics envies the physical sciences -economics is not a science- and the only thing economics shares with physical world is that 'everything that goes up, comes down'.

Thus economics are much better put in the right perspective with simple stories rather than by equations.

I like to be challenged by an intelligent guy. It forces me to dig deeper to prove myself right or come back to you and say: 'sorry I was mistaken'. Or say: 'You changed my mind'.

I have a strength: I read and put things in the proper context.

You tell me: "Also using simplistic stories to prove economic theory is really a problem of too many people thinking they have knowledge they don't really have."

To which I would reply: You used a cartoon to disprove my simplistic story, thus you are much simplistic than me.

"Simpletons through out history have always won".

Simpletons have always invariably lost. Always superseded by the ones who could handled complexity better.

The technocrats (Macnamara, Galbraith) who handled the US from FDR to about late 60s were not simpletons. It was from Reagan years to date that simpletons have take the command of the US and avoided changes that would had, eventually, extended the US domination for a 100 years more.
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