Economics not being a hard science like maths or physics makes it a discipline to be treated even much more carefully and with extreme respect. Better trust legions of economics professors with decades of experience.
I quite agree, although I would also add economists who work in the private sector. If I want a projection of oil prices in 2030, I’m going to ask the chief economist of Exxon, not some wonk in a university.
Our most storied economist is Milton Friedman. It was he, after decades of intentional misinterpretation and obfuscation blaming “the rich”, who unwound the Mess called the “Great Depression” and concluded that the entire mess was caused by the Fed + Government.
Nobody should comment, in my view on Matters Economic without a grounding in the philosophy of such. An easy read, non technical:
Capitalism and Freedom - Wikipedia
Capitalism and Freedom is a book by Milton Friedman originally published in 1962 by the University of Chicago Press…
If you trust a mass-lying snakeoil-salesman and mass bankrupter and Mafia-casino conman like Trump more, then you head for disaster. That’s exactly what is happening right now.
I don’t disagree; I don’t trust Trump regarding Matters Economic at all. Here’s who I do trust:
- Wilbur Ross. A man who buys dying companies who others have given up on due to globalization pressures, joins them together, and saves them. Asked the other day if we were going to start a “trade war”, he said simply that we’ve been in a trade war for decades, but had not yet begun to fight back. If you’re a CNBC junkie like I am, you’re very familiar and comfortable with Wilbur. I trust Wilbur, knowing the details intimately as he does, to set a moderate course between global necessity and the best interests of the American. (Unlike previous administrations).
- Peter Navarro. Another familiar face to CNBC junkies, Peter is one of the few academics to publish papers contrary to the accepted “wisdom” that more globalism is always good.
- His Industry Councils. Industry councils died pretty quickly under the Obama admin, when the “industry advisors” (outside of technology) realized they were just getting lip service. If the industry groups become working groups, that’s all good.
Regarding the Sessions lie, from the confirmation hearings:
Leahy: Have you been in contact with anyone connected to any part of the Russian government about the 2016 election, either before or after election day?
On March 1, the Washington Post reported that then-Sen. Sessions “spoke twice last year with Russia’s ambassador to the United States,” according to Justice Department officials.
So he lied under oath.
False. First off, Leahy asked him this question not in the confirmation hearings, but in his written questions. There’s your first lie. The second one is that quite obviously Sen. Leahy was asking Sessions if he had talked to Russians about the election, not if he had any discussions with Russian counterparties at all.
Of the two events that AG Sessions is accused of dissembling, the Leahy exchange is the clearer one, because the context of the question is obvious. This was not a lie in the least.
Regarding all the Trump-lies you say “Do you really want me to list all the times that Obama did the same thing with economic data that he had no control over?” It is so funny, the reps always start whining about Obama, when they don’t have a good answer anymore. Then they say “Obama was much worse”. “Hillary was much much worse”……You head for a bad awakening.
Just making you aware of the double standard you’re promoting. You might considered taking your thumb off the scale.