Showing posts with label dumb economist. Show all posts
Showing posts with label dumb economist. Show all posts

Monday, October 14, 2013

Sounds Like Switzerland Just Might Understand Fiat Currency Operations

Commentary by Roger Erickson

Rather than savage cuts, Switzerland considers “Star Trek” economics
"Switzerland will vote on giving every adult in the country a $2,800 check every month. How would that work?"

John Schmitt, a senior [orthodox] economist at the progressive Center for Economic and Policy Research pooh poohs the idea as unworkable for the USA - largely because we're racists?

Thanks for nothing, John!

So one dumb economist says a particular option of any fiat currency system won't work here? So why are citizens who are actually closer to real operations on the street even listening to what one dumb [orthodox] economist says? Just because some media hack is touting ONE dumb economist as an "expert" that 315 million should listen carefully to?

Wow! The weight of the statistical sampling - let alone the subsequent verification - is suppressing me!

Listen, Josh [reporter on this story,] if you really want us to listen to dumb economists, just have 'em mumble incantations in Latin or some other extinct language, not just in OUR language, using their unique semantic definitions. Their semantics is 80 years out of paradigm. Citizens are going to catch on to the zany semantics - some day. Is that really a chance you are willing to take?

There's this thing called a thesaurus, you know.

However, if you codify the stupid in an extinct language, and put it in a ritual, then trusting serfs .. er, citizens .. often accept the message that some traditions aren't SUPPOSED to be understood, or ever questioned.

Then the self-fraud will never get old. Just institutionalized.  Capiche?

ps: It also protects the sanctity of the dumb economic priests in the hood, where they can have guaranteed ... discretely fettered ... access to young cultural options.  If you play your cards right, Josh, you might even get a guaranteed dispensation from the new institution. I'm sure you get the message.

ps: ps:  On the other hand, if the descendants of current hominids ever learn to wield fiat currency with increasing group agility, just think of the evolution that might yet await!