Mindorenyo

Wednesday, March 02, 2011

Economic Superstition

I've concluded that superstition reigns in our national economic discourse (as it did in religious discourse not so long ago, and still does in many places). Facts regarding how the monetary system works are subservient to superstition regarding deficits and debt, even in the speech and behavior of leaders such as Bernanke. We have basic assumptions which are faulty but taken for granted.

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