tag:blogger.com,1999:blog-2761684730989137546.post2335000600424388082..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Karl Marx – The Godfather of Central Banking? — Andrew Moranmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2761684730989137546.post-27602876958356080202020-07-28T16:04:12.014-04:002020-07-28T16:04:12.014-04:00Who is losing money?Who is losing money?Peter Panhttps://www.blogger.com/profile/09473311771939167712noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-72915394158682721912020-07-28T14:03:41.221-04:002020-07-28T14:03:41.221-04:00They LOSE munnie all the time...They LOSE munnie all the time...Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-6656287942617231992020-07-28T04:15:29.035-04:002020-07-28T04:15:29.035-04:00Say X.
Get paid handsomely for saying X.
Rinse and...Say X.<br />Get paid handsomely for saying X.<br />Rinse and repeat.Peter Panhttps://www.blogger.com/profile/09473311771939167712noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-39776343697441604182020-07-27T22:45:05.922-04:002020-07-27T22:45:05.922-04:00Paul had a scripture for this here:
“Alleging the...Paul had a scripture for this here:<br /><br />“Alleging themselves to be wise, they are made stupid,” Rom 1:22<br /><br />You START with the Theory (Which is the formal textbook Platonist methodology 101) and you are alleging yourself to be wise (You are saying “this is they way it works!”)... when in reality you just were made into a f.ing moron.. Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-70777818271802544242020-07-27T22:30:49.730-04:002020-07-27T22:30:49.730-04:00“ But in fact, the metals are taking off, and the ...“ But in fact, the metals are taking off, and the dollar is dropping. So, is he right? ”<br /><br />They will say they are...<br /><br />This is how they are trained:<br /><br />https://undergrad.wharton.upenn.edu/academics/bs-in-economics/<br /><br />“ In a liberal arts setting, students often learn by starting with a theory or abstract idea. After fully understanding the theory, they then look for problems to understand how the theory applies.”<br /><br />So they START with the theory “money printing causes inflation!” so then you have situations like in Japan where they “printed money!” and prices collapsed.... us did QE1 &2 and prices collapsed... etc... MANY instances of “ money printing!” in the face of falling prices...<br /><br />Now THIS TIME we have a collapse in output due to the Covid policy and record govt spending so maybe prices go up a bit... NOW they say: “ see! I told you!”...<br /><br />They are trained to only look for evidence that supports the Theory they START WITH...<br /><br />This is opposite of Science method that start with Hypothesis (under-thesis or less-than-thesis) and THEN tests it and if it fails, the hypothesis is discarded... and an adjustment is made... and a new hypothesis is created...<br /><br />Rinse and repeat...<br /><br />That is not how these people are trained ...<br /><br />We get ANY even small wiff of what they can label with their figure of speech “inflation!” and they will immediately say “see! What did I tell you!”<br /><br />Lock it...<br /><br />Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.com