Comments on: How did we geeks become experts on (macro)economics?

By: Esmeralda Dupes

Esmeralda Dupes — Tue, 01 Nov 2011 11:29:10 +0000

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By: feshu

feshu — Mon, 06 Jul 2009 20:20:14 +0000

money is debt from the perspective of the central bank it is considered a part of their liabilities…

By: Marley

Marley — Mon, 16 Feb 2009 00:33:52 +0000

It will take a few days before the force majeure is apparent and the economic collapse hits the news. Banks will have closed before anyone even realizes it. Gold, silver, hunting, gardening, and bartering will prevail. All the macroeconomic opinions and “expert” dribble will fade as the US dollar fiat paper money blows in the breeze…and people grow hungry…
silence will grow among all the nutjobs.

By: psiborg

psiborg — Sat, 14 Feb 2009 00:52:55 +0000

Thanks for this, you rock.
Oh, and you idiots suck. You know who you are.

By: Astronoid

Astronoid — Wed, 11 Feb 2009 21:39:33 +0000

THANK YOU!!!

By: Wave Geek

Wave Geek — Wed, 11 Feb 2009 01:35:15 +0000

Economists don’t know SFA about the economy either. Their predictions are worthless. On average economists predict a recession by approximately -6 months. That’s minus 6 months. On average they realize we’re in a recession about 6 months into it.

The only economists worth a pinch of dust are those who know what they don’t know – Adam Smith, F A Hayek, Ludwig Mises.

By: Jeo

Jeo — Wed, 11 Feb 2009 00:14:49 +0000

Citizens in a democracy aren’t supposed to leave everything to the experts.