By Peter Smith
Absolutely no wisdom of economics is required; purely logic and an open brain. It explains how undesirable economics is ruining Western societies, whereas stable economics has been disregarded. Its goal, by means of exposing the undesirable, is to give a contribution to the revival of the good.
Two paths are nonetheless open: one proficient by means of strong economics, resulting in desire; one via undesirable economics, resulting in melancholy. the tale isn’t complete; the developments are unpromising. whilst, the salutary adventure Western societies are having in facing crippling executive debt is maintaining wish alive.
1. the major TO TRUTH
2. costs AND PROSPERITY
3. SAVING AND INVESTING
4. KEYNES AND KEYNESIANS
5. KEYNESIAN WORLD
6. PRE-KEYNESIAN WORLD
7. BOOMING AND BUSTING
8. HOLY HOLES within the economic climate! THE GFC
9. HOLY HOLES II: WOEFUL POLICY
10. HOLY HOLES III: PESTILENT ECONOMISTS
11. DRESSED UP STATISTICAL NONSENSE
12. CONTRADICTION IN TERMS
13. SPREADING THE WEALTH
14. desire AND DESPAIR
15. shipment CULT AND DEPENDENCY
16. foreign DEPENDENCY
17. UNHINGED FROM PRACTICALITY
19. undesirable ARITHMETIC
20. MASTERS OF THE UNIVERSE
21. GRAND BARGAIN
APPENDIX: TEMPERAMENTAL BIAS
About the writer:
Peter is a widespread contributor to Quadrant. He has written and spoken largely on financial and funds issues. He used to be CEO of Australian funds Clearing organization; leader economist fo the nation financial institution Victoria; monetary consultant to the Australian Bankers’ organization; and tutored in economics on the Universities of WA and Adelaide. He has a firstclass honours measure and a PhD in economics.
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