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Following the death of MIlton Friedman and the eulogising elsewhere on this site, do you ever wonder what economists do for us? It's been shown time and time again that they cannot accurately predict in any detail, only suggest future trends. They cannot control all the variables like weather, people's opinions etc. Look how Britain rejected Monetarism. If Friedman expected that to happen, why did he or his priest/followers not tell us? The one certainty that economists fear and ignore is that all systems develop entropy eventually. We see that in the Western world despite Thatcher and her use of our North Sea oil money to try to discredit Keynes, the rich over generations get poorer and the poor get richer. Eventually economies will reach total entropy and money will no longer be used as reward and punishment. Economists are like King Canute....Ahh, they say he was only responding to advisers too!

2006-11-17 19:50:13 · 4 answers · asked by checkmate 6 in Politics & Government Politics

4 answers

A toy rat for the fatcats to play with, Friedman peddled his mind to the highest bidder and glorified parasites and cheats, as long as they came from the better class of people. He chanted mumbo-jumbo dreamed up in the sheltered ignorance of academentia. Economics is a captive science; economists are liars for hire. Nerdy weaklings, they desperately need to be patted on the head by the Big Boys of Big Business in order to make themselves whole.

The only market force is force itself. All their fantasy of a Free Market means is that whoever controls a market should be free to do whatever he wants. Their theories are one-sided and set up to reach a false conclusion by ignoring the other side. But that side can balance the power by uniting against the parasites and cheats; otherwise, it is a single man against a millionaire. Economists, like the Church-controlled scientists of the Middle Ages, have nothing to say to us. Their forked tongues are owned by those born with silver spoons in their mouths.

2006-11-18 04:21:35 · answer #1 · answered by Anonymous · 0 0

I agree with portions of your question...

As far as economists, I tend to agree with you. In reality, they are like our buttholes, we all have them and we all think everybody else's stinks.

I'd say that the value of a FEW economist have been the a FEW calculated analysis that always end in the same result.

The problem with economics is that it can never been an exact science while they try to make out like it is. For example, economists today try to predict our economic future based on past results, etc... but now there are new factors that to take into account. IE, globalization (outsourcing), illegal workers, trade tariff imbalance, etc..

2006-11-17 19:57:27 · answer #2 · answered by BeachBum 7 · 0 0

your so wrong, i don't know if i ever seen a question so wrong. economics is about the alocation of resources is fundamental to the economy. the reason they can't predict accuratly some of the time if the fact that there are so many variable to consider and knowing how each variable will effect the thing it is your trying to predict. i think i'm going to vote with every goverment and large company in the world and say economists are very useful clever people.

2006-11-17 20:00:42 · answer #3 · answered by supremecritic 4 · 0 0

my aunty works for the Ecominist, she is the editor!

2006-11-17 20:10:05 · answer #4 · answered by Anonymous · 0 0

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