How Did Economists Get It So Wrong?

[deprogram]

I found this to be a must read. I should be getting work done, but this is MUCH more interesting.



Much of this may be boring to those formally schooled in economics, but I'm not, and I'm liking the insight I'm getting from this concisely presented hindsight. So to speak.

[biliruben]

I think you'll find this bit of unpleasant truth unwelcome to the hoard of neo-classicists and Austrian-schoolers who shamble about these parts.

[deprogram]

[rose-colored-coolaid]

[jon]

[lamont]

[lamont]

[deprogram]

[Dave0]

[Dave0]

[Markor]

[Markor]

The solution to fixing our boom-to-bust economy seems obvious: more socialism. Works well enough for fire protection, police, libraries, etc. The French are retiring on schedule despite the global downturn (their national pension fund is doing fine). Lots of countries are figuring this stuff out, no need to look to Communist countries for the answer. First we need to fix our conservatism/dummy problem, which is not just an education problem, it's also a cultural/religious problem. (Shunning works best, I think--let Republicans be ostracized like smokers are.) I don't want my kid to work harder/smarter to survive, when greater cooperation and less capitalism works far better. More socialism also helps the (greater) overpopulation problem somewhat, since socialist economies are not so dependent on population growth.

[jon]

[Markor]

[jon]