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.
economics, politics, natural law, free market, socialism, monetary policy, fiscal policy, open market committee, personal economics
The Lethal Side of Fantasy
Download PDF Version In my Fantasy Free Economics theories, unlike mainstream economics I recognize self interest as the only relevant incentive with respect to aggregate economics. Mainstream economists assume the imaginary incentive to serve, which is a completely erroneous assumption. … Continue reading →
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