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To: EBH
General conditions index drops 42 points to negative 31.3
Economists had expected a reading of 5.0

I don't think Economics is a real field. I think it's just Political Science. To some extent, economic theory is just a way to manipulate the people ("support the Party, we will redistribute the wealth") and beyond that, it's a simple Propaganda tool ("our new index tells us that, despite appearances, there is no recession and no inflation").

Paul Krugman, to me, is a perfect example of a real Economist. Scum.

4 posted on 08/16/2022 2:58:22 AM PDT by ClearCase_guy (We are already in a revolutionary period, and the Rule of Law means nothing. )
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To: ClearCase_guy
I don't think Economics is a real field.

It's a real field if you take the Austrian view of it. Ludwig von Mises laid down the fundamentals long ago, but the universities (i.e. Krugman, et.al) have been teaching Keynes, a corrupt version of which is popular with politicians, so no wonder you think it's a political science.

A simple introduction to the Austrian School is this:

https://www.amazon.com/Economics-One-Lesson-Shortest-Understand/dp/0517548232/ref=sr_1_1?crid=1BVIQE5TPYD41&keywords=economics+in+one+lesson+by+henry+hazlitt&qid=1660645317&sprefix=economics+in+one+%2Caps%2C1474&sr=8-1

More to be found at: https://mises.org/

7 posted on 08/16/2022 3:28:43 AM PDT by Chad C. Mulligan
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