The problem is that Economics is an Art not a Science ... though it is portrayed as akin to Mathematics it has little in common. Economics is a product of the human imagination, and it lives in the realm of the speculative. 2+2=4 unless you live in the world of George Orwell or perform in the theatre of Economics where the plus sign may or may not mean "plus" depending on the ideological interpretation. That is why at the same time the educated and enlightened of the "Serious Class" laughed off the notion of a trillion dollar platinum coin, and, at the same time, the Financial Sector counterfeiting wealth through unregulated derivatives and credit default swaps to the tune of two quadrillion dollars globally is viewed as completely reasonable.
In short, it is all a big Con, and the closer the analysis of the "man behind the curtain" we are not supposed to pay attention to, the larger the Con becomes ... and, arguably, more frightening and consequential.
Read the Article at HuffingtonPost
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