06-11-2012, 06:58 AM
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#1
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Hall of Fame Poster
Join Date: Jan 2007
Posts: 22,639
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Economic Wizardry & Vodoo
I thought the attached post from a popular economic blogger was right-on.
" Three Schools of Economic Wizardry
1. Keynesian School of Fiscal Voodoo and Witchcraft
2. Monetarist School of Monetary Voodoo and Witchcraft
3. Austrian School of Sound Money, Sound Economic Principles and Common Sense
Unlike non-wizards, modern-day economic wizards do not live in the real world, in real cities. Instead, they live in ivory towers in secret villages for wizards only, typically tucked away in obscure corners of major U.S. universities.
Collectively, these secret villages are known as "Academic Wonderland"
Mish's Global Economic Trend Analysis: Modern Day Economic Fairy Tale (Except It's True)
Pretty interesting read if you like economic stuff...but since it's called the "Dismal Science", I doubt many will want to bother.
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Last edited by PatriotsReign; 06-11-2012 at 08:29 AM..
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