The Pretense of Knowledge PaysThe American reptilian brain says the Federal Reserve is critical for managing the economy. The larger thinking brain, if engaged, easily sees that Federal Reserve members are paid for the pretense of knowledge. Are these members the world’s best economists? No, they are the best politicians among the country’s set of economist. The larger thinking brain, again if commissioned to think, easily recognizes their actual role. The genuine role of the Federal Reserve is to carry out political agendas which normally focuses on transferring wealth from the bottom of the income ladder to the top.
Tag Archives: dominance and subservience
The Truth About Presidents
How much difference does it make if the president of the United States has been a whoremonger for most of his life? In my opinion it would make a world of difference except that with presidents, a thing like whore … Continue reading
Politics and Animal Behavior
With Fantasy Free Economics I teach how to live and survive outside the herd. What is the nature of animal behavior? It is not so much that animals do not think. Their decisions are made automatically. When animals live in … Continue reading
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Tagged aggregations of people, animal behavior, Can a president improve an economy?, dominance and subservience, Herd positioning
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Understanding Monetary Policy
Because economists as a rule believe in the imaginary incentive to serve, they work on the basis that Federal Reserve Open Market Committee members are selflessly doing all they can to do what is right for the economy. Because the … Continue reading
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Tagged consumer demand, dominance and subservience, Economics Depression Stock Market Crash, incentive to serve, Open Market Commitee
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Watch the Animals
What is it with all the confusion? You might ask. Americans in great numbers are saying, we don’t want democracy! Give us a totalitarian state! Laws are only guide lines and not meant to be universally enforced. There is an … Continue reading
The Aggression of Political Correctness
I have been explaining how human behavior is guided by the principles of dominance and subservience. Issues of dominance and subservience are settled in every human encounter. Normally the issue is resolved by mutual agreement and in very subtle ways. … Continue reading
The Inconvenient Facts
The smartest thing an economist can learn is that economic models have no predictive value. Government interventions have an impact but the impact is in no way related to any intended outcome. Economists can keep records just as accountants do. … Continue reading
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Tagged accurate forecast, dominance and subservience, economic models
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Democratic Party Debates
To understand where these candidates are coming from, we must look at the mentality of those who will be voting in the Democratic primaries. Voter intellect is not what causes a constituent to vote one way or another. The image … Continue reading
The Pope and The Devil
I am not sure if there is a difference in this case. Either Pope Francis does not know what capitalism is or he is doing the Devils work. For the Pope’s information and also anyone else who doesn’t know. the … Continue reading
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Tagged capitalism, dominance and subservience, Evil, fascism, joint session of congress, pope francis, socialism
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Understanding Human Behavior
How did Common Sense Economics discover that most of human behavior is based on instinct and not intellect? It all starts by understanding that intellectual reasoning would never produce the kind of results we get in government and and macro … Continue reading
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Tagged dominance and subservience, peace, secular world, self interst
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Taking the Stock Market Private
So the stock market gets organized support. Is the news bad? If it is the market gets extra support. Is the news good? Then the market get just enough support. I have written a lot to the effect that there … Continue reading →
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