Comments on: Why Most “Respected” Economists are Pro-Fed and Anti-Gold http://www.citizeneconomists.com/blogs/2009/01/14/why-most-respected-economists-are-pro-fed-and-anti-gold/ Citizen Economists is an online economics magazine written by citizen journalists. These ordinary citizens provide reports and commentary on the current events affecting the economics of the fields they work in. Tue, 09 Mar 2010 18:51:38 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Dan McLaughlin http://www.citizeneconomists.com/blogs/2009/01/14/why-most-respected-economists-are-pro-fed-and-anti-gold/comment-page-1/#comment-5333 Dan McLaughlin Wed, 14 Jan 2009 23:57:20 +0000 http://citizeneconomists.com/blogs/?p=391#comment-5333 All I can say is "Amen, brother!" It is hard to believe that so many "experts" can be so wrong for so long and still be given any credibility. The explanation is, of course, that they justify the actions that politicians want to take anyway. Their ideas are given weight because they feed people's biases and delusions. People don't like it when the dismal science tells them they can't have their cake and eat it too. All I can say is “Amen, brother!” It is hard to believe that so many “experts” can be so wrong for so long and still be given any credibility. The explanation is, of course, that they justify the actions that politicians want to take anyway. Their ideas are given weight because they feed people’s biases and delusions. People don’t like it when the dismal science tells them they can’t have their cake and eat it too.

]]> By: Dirk http://www.citizeneconomists.com/blogs/2009/01/14/why-most-respected-economists-are-pro-fed-and-anti-gold/comment-page-1/#comment-5329 Dirk Wed, 14 Jan 2009 19:05:55 +0000 http://citizeneconomists.com/blogs/?p=391#comment-5329 JD, What do you call someone who: A. Thinks money needs to be created independent of the supply of a single metal; B. Thinks the idea of a "business cycle" that requires periodicity of boom and bust (independent of monetary and fiscal meddling) is outdated in today's very diversified and global economy; C. Thinks that the Fed serves a good purpose to create money, but has made mistakes in how it has done so and needs better oversight by the Congress (who actually has authority to coin money per the Constitution). D. Thinks that people who talk about "overheated' economies and Philips curves are inherently evil? E. Thinks that people who predict downturns are inherently evil? F. Thinks that a killer asteroid, or killer virus, or killer jihad, or other killer events are possible, but in the absence of such, the trajectory of mankind is inarguably closer to the mind of God, finding peace, prosperity, and love. G. Thinks that killer asteroids, viruses, and jihads are less likely to kill humanity since we now have techology to better thwart them. Whatever term that is, let me know, because that's what I am. JD,

What do you call someone who:

A. Thinks money needs to be created independent of the supply of a single metal;
B. Thinks the idea of a “business cycle” that requires periodicity of boom and bust (independent of monetary and fiscal meddling) is outdated in today’s very diversified and global economy;
C. Thinks that the Fed serves a good purpose to create money, but has made mistakes in how it has done so and needs better oversight by the Congress (who actually has authority to coin money per the Constitution).
D. Thinks that people who talk about “overheated’ economies and Philips curves are inherently evil?
E. Thinks that people who predict downturns are inherently evil?
F. Thinks that a killer asteroid, or killer virus, or killer jihad, or other killer events are possible, but in the absence of such, the trajectory of mankind is inarguably closer to the mind of God, finding peace, prosperity, and love.
G. Thinks that killer asteroids, viruses, and jihads are less likely to kill humanity since we now have techology to better thwart them.

Whatever term that is, let me know, because that’s what I am.

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