3 ms·
(1) Check whether the economist peddling this view incidentally has a lot of gold he needs to unload, or is running a shop or fund for gold. (2) Check whether
by sbt 12y ago
(1) Check whether the economist peddling this view incidentally has a lot of gold he needs to unload, or is running a shop or fund for gold.
(2) Check whether the economist peddling this view incidentally is funded by the Russian government (e.g. works for RT) or a similar entity interested in pushing up US treasury yields.
(3) Check whether the economist peddling this view has been repeating the call for a collapse bi-weekly since the Carter administration. A clock is right twice a day after all.
- cbd1984 12y ago(4) Check whether the economist peddling this view describes themselves as an Austrian or a follower of praxeology. Those are the "Creation Science" of economics: Faith-based and with no successes to their name. They even deny the role of evidence in economic theory, because if evidence is flawed and sometimes biased it should (apparently) be discarded entirely.
- rthomas6 12y agoI don't know if I'd be that hard on the Austrians.
- cbd1984 12y agoIt's all true, though.
- tobylane 12y agoI think he is referring to the Austrian school/economic theories not the economics from Austria. http://en.wikipedia.org/wiki/Austrian_School http://en.wikipedia.org/wiki/Austrian_School
- cbd1984 12y agoSeeing a sibling comment: Yes. I meant Austrian School economists. I'm sure economists who happen to live in or work in or be from Austria are just as competent, on average, as economists from anywhere else. I never really anticipated that anyone would misinterpret that.