Do Economists Not Predict Correctly?

It depends on your definition of an economist. And your definition depends on the world as you know it.

If you think economists are people who are employed by the government or by institutions that are dependent on funding from the government (which means most institutions of higher learning!) to interpret economic data then the answer is affirmative. They do not predict correctly.

If you think economists are people who use the empirical methodology as the basis of their statistical examination of the economy, thereby conferring interpretive and interventionist powers on the ego-driven; yes, if you think these are economists then the answer is affirmative. They do not predict correctly.

If these are your definitions of an economist because the world that you know is the pathetically corrupt perspective of a pandering politician then it is true that the economists do not predict correctly.

But these are all distortions of reality. There are economists and there are charlatans. The test of a true economist is subjectivism.

Of course it is true that the charlatans cannot predict correctly. It is the imbecilic politicians and their overlords and the bribed media that think that the charlatans are economists.

However the record is clear and conclusive. The true economists, those using the subjectivist methodology, have been accurately predicting the consequences of the practices of quackery imposed upon the economy by the charlatans (with immodest encouragement coming from the politicians).

No, the economists (who are actually charlatans) do not predict correctly!

Yes, the economists (as defined by Ludwig von Mises) do predict correctly!

For more information go to http://www.divineeconomyconsulting.com/ .

Would Tim Russert Like To Redo His Ron Paul Interview?

Maybe the untimely death of Tim Russert will serve as a wake-up call to the other journalists who are compromising the standard of journalistic ethics for the sake of the power elite who could care less about you leaving a legacy of principled service.

Would Tim Russert wish to redo his interview with Ron Paul? Would he have rather facilitated the flow of knowledge about the beauty of our Constitutional Republic than to have deliberately distracted the viewing audience with journalistic antics?

Time is short.

Hear me all you journalists who put your ambition above your ethics. Either serve those who are trying to usurp the Constitutional Republic and be forgotten (or if dug up in history, regarded poorly) or stand strong and practice journalism in a way that is worthy of your profession.

If you cannot discern the difference between corrupted and partisan news reporting versus covering principled and meritorious newsworthy stories then you are a journalistic failure no matter how much acclaim you receive from typical sources.

Time is short so don’t waste it being a court jester for the kings without clothes. Rather, be bold enough to tell everyone that these emperors do not have on any clothes!

For more information go to http://www.divineeconomyconsulting.com .

Underground Economy Versus Socialism/Interventionism.

Socialism is crumbling. It is being undermined at every corner.

As always, the unrealistic restrictions created by socialism and then imposed upon the economy fosters the development of an underground economy that skirts the parasitic and predatory practices of the interventionists. The more oppressive the socialism the more expansive the underground economy.

At least 8% of the population in America are seriously convinced that the philosophy of classical liberalism is the only true direction, as enunciated clearly and definitely in the U.S. Constitution. Most of these individuals are well-educated and self-motivated and willing to educate and motivate others! Additionally, a large proportion of these individuals are young and are determined to change the future.

In the waning stages of socialism the underground economy will be recognized as the only vigorous part of the economy and this will reinforce the educational aspect of the classical liberalism movement to the point where the empty skeleton of socialistic intervention will crumble into a heap and be left behind as the carcass of a burdensome beast.

The beauty of the philosophy of classical liberalism is the recognition that any politics that creates a State is loathsome. Thus the best system is one that is apolitical which means that the human ego has to be completely removed from the process.

How is that possible? Ethics of the Divine Economy hints at how that is possible.

For more information go to http://www.divineeconomyconsulting.com .