The arrogance of economists and the stupidity of politicians

Don’t you just love the arrogance of economists and their detatchment from anything remotely resembling reality. They’re all scum sucking crackfarts, they really are. Little Nicky Machiavelli has said this many times and today there’s a mainstream journalist taking up the theme in response to an economics academic who says that anyone who does not have a PhD in economics should not be allowed to express an opinion on the subject as only verrrrrrry highly qualified economists can understand economics. (Of course this could be a conspiracy of academics and The Thought Police to silence bloggers).

Very highly qualified economic professors, now let’s see, aren’t they the people whose crackpot theories dumped up in the shit mess we’re in? Well it’s no wonder, these people are really stark raving bonkers in the head. For a start there is nothing hard about economics. As the Dickens character Wilkins Micawber put it: Annual income twenty pounds, annual expenditure nineteen pounds and 95p, result happiness. Annual income twenty pounds, annual expenditure twenty pounds and five p, result misery. That’s economics sorted.

Unfortunately politicians are stupid enough to listen to the self worshipping imbeciles who have spent their entire working lives cocooned in the unreality bubbles of University faculties. Nobody should ever listen to economists, particularly the ones who run the US Federal Reserve and who are now advising the Imbecile In Chief Obama to pawn America to loan sharks and raise money for “stimulus spending” (aka pork barrel politics and vanity projects).

Ambrose Evans Pritchard, economics writer for The Daily Telegraph says:
“Like a mad aunt, the Fed is slowly losing its marbles. Kartik Athreya, senior economist for the Richmond Fed, has written a paper condemning economic bloggers as chronically stupid and a threat to public order. Matters of economic policy should be reserved to a priesthood with the correct post-doctoral credentials, which would of course have excluded David Hume, Adam Smith, and arguably John Maynard Keynes (a mathematics graduate, with a tripos foray in moral sciences).”

Read full article
Time To Shut Down The US Federal Reserve? by Ambrose Evans Pritachard of the Daily Telegraph

The Daily Stirrer: More Stimulus

One thought on “The arrogance of economists and the stupidity of politicians

  1. Are the economist liars and the politicians are dumb enough to believe them or do the politicians only hire economists that talk the trash they want told.

    How much do consumers lose on the depreciation of automobiles every year? When was the last time that was discussed? Durable consumer goods do depreciate, don’t they. Nope, not according to economics experts. But when you buy more stuff it gets added to GDP. So the faster it falls apart the better.

    This is supposed to make me HAPPY? I’ll rush right out and buy a $2000 laptop so I can lose $500 in depreciation every year for the next 3 years

    Like

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