faux economics

Programs to reshape the American mind, run by the left and right

Summary:   Our leaders run bold programs to reform American society, building on work done by the Nazi’s and Soviet Union.  All of this was  described by George Orwell in his magnum opus 1984 (published in 1949).  His forecast was a little early, but eerily accurate.  This is a follow-up to Successful propaganda as a characteristic of 21st century America. …

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A look at Faux Economics, increasingly popular but bizarrely wrong

There are many schools of economics, such as Classical, Keynesian, and Austrian.  And now there’s Faux Economics, against which economists struggle in vain — logic and data defeated by well-funded lies.   They are the foundation of Faux Economics, as shown in this enlightening exchange of salvos. (1) A straight-forward statement about “Republicans and Obama’s New Deal“, Peter Wallison (attorney, …

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Government policy errors as a cause of the Great Depression

Any discussion of economics quickly reveals the widespread ignorance of college-educated Americans about its basics tenets and dynamics in our history.  This is odd, as Economics has long been one of the most popular undergraduate majors. For a quick and relevant lesson, here is an excerpt from the IMF’s World Economic Outlook of April 2002.  It is the …

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