{"id":65646,"date":"2023-08-17T05:27:22","date_gmt":"2023-08-17T10:27:22","guid":{"rendered":"https:\/\/olduvai.ca\/?p=65646"},"modified":"2023-08-17T05:27:22","modified_gmt":"2023-08-17T10:27:22","slug":"doug-casey-on-how-economic-witch-doctors-convince-everyone-theyre-neurosurgeons","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=65646","title":{"rendered":"Doug Casey on How Economic Witch Doctors Convince Everyone They\u2019re Neurosurgeons"},"content":{"rendered":"
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Doug Casey on How Economic Witch Doctors Convince Everyone They\u2019re Neurosurgeons<\/a><\/h3>\n<\/header>\n
\"Economic<\/div>\n

International Man<\/strong>: The average person doesn\u2019t care about economics. But to the extent that he does, he only reads mainstream publications like\u00a0The Economist<\/em>\u00a0and editorials in\u00a0The New York Times<\/em>.<\/p>\n

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In these publications, the average person will find so-called economists advocating upside-down and destructive concepts like negative interest rates, banning cash, debt-fueled consumption, government spending, and rampant money printing as the cures to economic ailments.<\/p>\n

And if those methods don\u2019t work\u2014or inflict damage\u2014the establishment economists\u2019 response is to simply call for more money printing, more debt, and even lower interest rates.<\/p>\n

What\u2019s your take on conventional economic thinking and methods?<\/p>\n

Doug Casey<\/strong>: Frankly, most \u201ceconomists\u201d today are only political apologists masquerading as economists.<\/p>\n

An economist is somebody that describes the way the world works\u2014how people go about producing, consuming, buying, selling, and living their lives. That\u2019s not, however, what most of today\u2019s PhD economists do. Instead, they prescribe the way they would like the world to work and tailor theories to help politicians demonstrate the virtue and necessity of their quest for more power.<\/p>\n

As a result, legitimate economics barely exists today. What passes for economics has a very bad reputation, and it\u2019s well deserved. Economics has become degraded. It\u2019s not quite a laughingstock like gender studies, but it\u2019s on a level with political science\u2014which isn\u2019t a science at all.<\/p>\n

Every individual has vastly differing likes and dislikes and wants and needs. But these so-called economists like to treat people as if they were standardized atoms. They think they can manipulate people as if they were chemicals and treat the economy as something they can heat up or cool down. And they\u2019re the ones who decide what the masses need.<\/p>\n

Economics has become an excuse for central planning, and economists have become social engineers.<\/p>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Doug Casey on How Economic Witch Doctors Convince Everyone They\u2019re Neurosurgeons International Man: The average person doesn\u2019t care about economics. But to the extent that he does, he only reads mainstream publications like\u00a0The Economist\u00a0and editorials in\u00a0The New York Times. In these publications, the average person will find so-called economists advocating upside-down and destructive concepts like […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,6227,379,6228,538,637,705],"class_list":["post-65646","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-doug-casey","tag-government","tag-international-man","tag-money-printing","tag-politics","tag-science"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65646"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65646\/revisions"}],"predecessor-version":[{"id":65647,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65646\/revisions\/65647"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}