Sunday, March 23, 2014

Defending Failed Economist Opinions

    

You may wonder how economists can voice opinions for two diametrically opposed political parties when they look at the same numbers for politicized arguments.

There are two reasons why this happens. One is that a broad classification can be made of Keynesian or government pump-primer economists,  and those opposed to Keynesian principles.

The other reason is that these same economists may overlook certain stated numbers as being unimportant when it doesn’t suit their purpose.They may emphasize data that is actually meaningless.

If you have an economic theory, and it  hasn’t worked for fifty /sixty years, though employed around the world, as is the case with Keynesian theory, there will still be omissions and commissions you may make to hold your politically-sponsored job.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

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