Home > Miscellaneous Musings, Predictions > I look on in amazement

I look on in amazement

I used to wonder:  How did all those academics in the Soviet Union get “economics” so wrong?  How could they put a man into space and yet not be able to eat?  How could they have one of the world’s biggest nuclear arsenals and yet have cars that were the butt of jokes around the world?  How could economics be so obvious and easy for me, and so hard for them?  How could they not see the bubbles ahead (in US debt, in student debt, in European government debt)?  How could they be so uniformly, collectively, precisely stupid?

Then I see the US today, Australia today the economics professional worldwide, and I ask the very same question.  In the face of this clear analysis and research, how could any policymaker continue doing what they are doing?

And I continue to look on at this ridiculous farce in amazement.

  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: