Saturday, February 24, 2018
THEY LOVE THE FATAL ECONOMIST TAR BABY POST WHY NOT GIVE EM ANOTHER! BOOMERBUTT
Terms search: flatly wrong
A common misconception is that various economists, any of them really, are only wrong, if ever wrong, only sometimes, and about only one thing, here or there.
This is an important misconception:
Economists are always, and have always, normally, been wrong about everything in one way or in multiple ways at the same time.
Here is only a small non exhaustive list of subjects all economists are normally, at best, wrong about:
Laissez faire, wrong, tariffs, wrong, mercantilism, wrong, government spending, wrong, government not spending, wrong, capitalism, wrong, free trade, wrong, equilibrium, wrong, marginal utility, wrong, supply demand, wrong, monetary policy, wrong, gold or bi metallic standard on it or off it, wrong, comparative advantage, wrong, fiat currency, wrong, central banking policy, wrong, government debt, wrong, private debt, wrong, MFN, wrong, foreign aid, wrong, the Fed, wrong, USAID, wrong, spending stimulus, wrong, taxes, wrong, investment policy, wrong, mathematical and or geometrical models of any kind or description, wrong, micro economics, wrong, macro economics, wrong, international economics, wrong, competitiveness, wrong, wars, wrong, managed trade, wrong, preferences, wrong, subsidies, wrong, sanctions, wrong, lifting sanctions, wrong, peace, wrong, picking winners, wrong, offshoring, wrong, globalization, wrong, inflation, wrong, deflation, wrong, stagnation, wrong, convergence, wrong, industrialization, wrong, deindustrialization, wrong, elasticities of all kinds, wrong, protectionism of any kind, wrong, regionalism, wrong, LIEO, wrong, WTO, wrong, WB, wrong, IMF, wrong, EU, wrong, NAFTA, wrong, EXIMBANK, wrong, Bretton Woods, wrong, WWI reparations, wrong, GATT, wrong, Smoot Hawley, wrong, economic crises of any kind, wrong, definition of an economy of any kind, wrong, service economy, wrong, skills analysis eg symbolic analysts driven economies, wrong, Great Depression, wrong, competitive advantage, wrong, economic nationalism, wrong, comparative advantage, wrong, interest rates, wrong, multilateralism, wrong, isolationism, wrong, divorce of economics from politics, wrong, greatest good for the greatest numbers, wrong, redistribution, wrong.
The Japanese totally kicked your fucking industrial and technological butt, long before the other Asians, finally, including the Chinese, even got started on finishing you off, after you pivoted your big dumb Boomerbutt in various other economic directions in Asia,
and your economists all have more or less said, all along, since the 50s, nothing out of the ordinary, business as usual, shift to service economy, nothing to worry about, offshoring is fine, smooth sailing toward full plentiful globalization ahead, nice pivot move...
Terms search: pivot
The Japanese totally kicked your fucking industrial and technological butt, long before the other Asians, finally, including the Chinese, even got started on finishing you off, after you pivoted your big dumb Boomerbutt in various other economic directions in Asia,
and your economists all have more or less said, all along, since the 50s, nothing out of the ordinary, business as usual, shift to service economy, nothing to worry about, offshoring is fine, smooth sailing toward full plentiful globalization ahead, nice pivot move...
Terms search: pivot
For all my sudden French guests, why not dedicate this great post, now, to one of their favorite sons: Thomas Piketty!
No comments:
Post a Comment