Tuesday, March 9, 2010

Understanding Economists

I have always advised those who listen to economic opinions to find out what the politics of the economist are before taking their opinions.

Political slants color those opinions. Economics is not a true science, so comments can diverge.

Look into past of economists to see their track record. Sad to say, many of those lauded by the left media have been consistently wrong for decades or merely misinterpreted. John Maynard Keynes, for example.

Also, do not be impressed by awards, especially Nobel prizes, as some have been awarded primarily on the basis of politics.

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