Paul Krugman - Currency War Confusion OR Just the Same Old BS (click here) The New York Times, February 15, 2013 Why do I state over...
It goes without saying that Peter's comments are aligned with our views. But let us underscore our disbelief and utter dismay for Economists and all their related academic and institutional establishments. What planet do they think we are living on? Surely, these wise folks are smart enough to figure out that growth cannot go on and on and on. But who knows, maybe not.
Perhaps they truly believe that their abstract world governed by the thesis that a positive sum game without constraints, actually exists. That the real world's negative sum game, with all its physical and mathematical constraints, is just a bad dream. When these two worlds collide the human disaster will, however, be unprecedented ; as all order in economics, politics and civil society will just completely fall apart. And then. And only then; will they be calling on YOU know WHO, to try and put Humpty Dumpty back together again.
So let their words mean what they mean them to say, reality pays little attention to such childish semantical games - little heed at all. And let's just face it, the Harvards, Oxfords, IMFs, World Banks, Finance Ministers, Economists and all the rest, have not advanced economic thinking in over 200 years.(Just ask them - what are the critical outlooks for economic study?) Nor has any form of quantum thought, information, discovery and research every been applied to this "field of study" in a substantive way. Still, they continue to call this a science? Ha!
So in the end, we have just one question about this group of neurotic malcontents...
First Financial Insights
February 19, 2013