[pp.int.general] Tyrant banks, walk the plank!

[aloa5]

Jan Lettow schrieb:
> Economics is hardly a science. Is has no predictive power whatsoever.
> 
> In other words, never believe an economist :) Your common sense will
> usually perform much better.


Oh - and the Euro is telling a story of success in this "not believe an 
economist"?

Hm.... bad performence for "common sense".

People think microeconomical - not macroeconomical. So "common sense" is 
  not reaching any aim.... It would if Adam Smith, the father of liberal 
thinkings would beo correct.
So - conclusion: all people wich do not believe in economical thinking 
are extreme liberals or anarchists. Or perhaps foolish. But I think that 
they just don´t see the points and are a "littel bit" overestimating 
themselves.

Macroeconomical issues do not act like microeconomical only because 
people do not understand the differences. "Common sense" is that states 
does not have to borrow money and take deficits. So what can you do with 
this finding in a crisis if you are living in Spain or Greece?




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