Common Sense Economics starts by acknowledging what we don’t know. What we don’t know are the answers to the most basic and important questions. Some of these are:
1.) What is the universe?
2.) How big is the universe?
3.) How did the universe begin?
4.) What is life?
5.) What is consciousness?
6.) Is consciousness independent of life or part of life?
It is actually a pretty long list. The fact is, we know almost nothing, Explanations of ourselves, government and society are based mostly on imagination. Things are explained the according to the way we would like for them to be rather than how they really are.
My favorite is the notion we live in a democratic society, a republic. Not once since the American Revolution have citizens been control of government. I know of not one case of citizens making changes by working within the system. Representatives are in fact elected but they have no incentives to represent voters who put them in office. Public opinion is easily managed, so voting only has a modest influence over government.
Common Sense Economics stays away from economic models which are really just wish engines. Government could help the economy but only be acting only as a referee and enforcing free market discipline.
The truth is a hard sell. Fantasy Free Economics gains readers one at a time. Major search engines simply do not list blogs which disagree with their worls. As long as folks share the link to this blog and others speaking out against the grain, the truth will at least trickle into the public consciousness.
Fantasy Free Economics recommends the following blogs.