tag:blogger.com,1999:blog-7895164153505105997.post4848535497760785669..comments2024-01-17T00:45:37.075-08:00Comments on Bud Meyers: When America becomes the Next Emerging MarketBud Meyershttp://www.blogger.com/profile/02065020063363023395noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7895164153505105997.post-19428521049576222482014-08-26T09:11:03.022-07:002014-08-26T09:11:03.022-07:00The study of economics is not a science — there ar...The study of economics is not a science — there are very few "facts" as to cause and correlation when critiquing economic policies. It's mostly just speculation using macroeconomic "models" and "theories" based on past history. But just by using raw data, even "dummies" without PhDs (or educated in advanced mathematics) can do simple arithmetic. And they can ascertain, using casual observation, where the jobs are and where they're going (and even why they're going there). It doesn't take a genius to realize that many economists interject ideology and/or personal opinions into debates and arguments to reinforce their own "intellectual" assessments (maybe even for personal gain, such as on the topic on taxation) — even when it's at odds with the raw data, and when their opinions and ideas fly completely in the face of basic common sense. Just like when they mislead the public about the REAL number of people who are unemployed, but also want a job (maybe to reinforce their own ideas about job creation; and/or for political reasons — when an administration wants to sugar-coat their poor job performance to stay in power.) This is what some people might call "economic propaganda".Bud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.com