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Strategies & Market Trends : Ride the Tiger with CD
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From: heinz447/28/2011 2:14:02 PM
   of 312985
 
Food for thought....if there is any left out there!!

Perhaps because those of us who DO just DO and those who can’t teach as they say. But I find there is an academic prejudice if not a snobbish attitude that seems to prevent the advancement of knowledge in Economics. In every other science, you OBSERVE and strive to establish what are the LAWS by which nature works. In Economics, there is no science. This is all about control, oppression, and manipulation. The primary question: HOW CAN WE FORCE THE ECONOMY TO DO WHAT WE WANT! To win the Noble Prize, you have to come up with a wonderful theory. It does not have to be even proven as is the case in Physics. When I was in school, the physics professor said nothing was random. The economics professor said everything is random and that implied it was subject to the manipulation of some theory. Thus, we ended up with Marx and Keynes, but effectively every fiber of our economic understanding is focused

upon manipulation. We STIMULATE to try to affect DEMAND. We raise and lower interest rates trying to indirectly manipulate borrowing. We interfere in everything with excessive regulation, have no clue about the collateral damage and when that shows up, we lock someone up and blame the other guy

ck of Formal Education II
Answering Your

martinarmstrong.org
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