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To: backwoods-engineer

>>Excellent posts comparing physics to economics. Not quite a hard science, but yet the principles of economics are unchanging because human nature does not change.<<

That is a fair point. But economics adjusts to those tendencies, if you understand the underlying principles.

There are tools economists can (and must) use for analysis. Those tools are based on principles that are as clear and unyielding as physics.

It is the effects of forces that those tools measure that cause such significant difference in policy.

I merely ask that those who opine on matters economic understand basic economics, as I would ask anyone who opines on matters to have an understanding of the fundamentals of that subject.

It isn’t asking too much.


109 posted on 02/13/2011 5:38:47 PM PST by freedumb2003 (The TOTUS-reader is a Judas Goat, leading the American sheeple to the slaugherhouse /Parmy)
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To: freedumb2003
merely ask that those who opine on matters economic understand basic economics,

Economics is not rocket science. It isn't that hard to understand supply and demand.

Somehow, we manged as a nation, until 1972, to not deal with communists or other hostile counties. We seemed to manage quite well. This will go down in history as the biggest hijack in the history of man-kind.

120 posted on 02/13/2011 5:43:37 PM PST by central_va (I won't be reconstructed, and I do not give a damn.)
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