Analyze Economist Opinions

Always investigate economist opinions, by first knowing their backgrounds.

I use my own quick screening process before I get into their opinion details. Not everyone has the time or the job of getting into them. So a quick evaluation is essential.

First, find out if the economist believes in free markets. If he or she is a favorite of a left-leaning politician, you know that economist fails the prime test.

As a further fast check, I look to see if the economist has had an entrepreneurial, industrial or business background. Many free market economists, such as Milton Friedman, never came from industry, but nevertheless, fully understood industry’s optimum needs.

If the economist believes in free markets you will get a totally different perspective on real-life economics, as opposed to any left-leaning view that has accomplished so little success the world over.