Saturday, January 23, 2016

Economists’ Agreements

                   
Economists generally agree on basic tenets of economics. These have to do with the long-term effect of deficits, and the Inevitability of inflation as a result. They usually also agree on incentives for business and, to some extent, on tax cuts for small business, in efforts to increase jobs. Other than for basics, their opinions differ.
                       
I’m not impressed by their awards, especially Nobel prizes. Economics involve many complex variables and facts, unknown and the unknowable, and can be difficult to understand. It definitely is not a science.   (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)   

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