The Inconvenient Facts

13603998-Seamless-with-algebra-symbols-for-background-or-wallpaper-design-Stock-VectorThe 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. There is some historical value in using statistics to compare one time period with another.

I can make accurate forecasts because my work is euphemism free and I understand that self interest is the dominate incentive in every human interaction and this is part of the dominance and subservience system that governs the universe, at least the part of the universe we live in. Peace and love are not as pervasive as one might believe. There are pockets of love and peace on earth but they are in isolated areas.

When I make a forecast such as most Americans are going to lose everything they own. It is not based on some chart I am watching. Charts are good for understanding where we are in a process but what causes the situation cannot be reduced to numbers,

Suppose you know a drunk driver who, everyday chugs a fifth of whiskey, then gets on his motorcycle and races 200 miles and back on the freeway. My prediction would be that his live is going to real short and he is probably going to kill a number of other people on the way to dying himself.

I know without a doubt that all  government economic initiatives since the 1980s have prevented all markets, not just financial markets from clearing.  This will destroy an economy and it has destroyed ours. Since 2008 TARP and Quantitative easing have forced wealth and income into the higher income brackets while impoverishing everyone at the bottom.  The more unbalanced an income distribution becomes, especially when it has resulted from fraud and deception, the more accident prone an economy is. Another way to look at it is that the rich by using government as a tool, kill off all of their customers.

 

 

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About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.
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