June 18, 2023

The reason why a non-economist can address economics is because there is no real subject of economics and outsiders are in a better position to explain the subterfuge than persons who are immersed in it. Saying there is no real subject of economics is justified by the disagreements within economics. The conflicts are miles apart on every element of the subject.

One of the problems is that economics is being analyzed in small pieces which no longer fit the complexities, as if the 1950s economy still existed, where labor, management, supply and profits were just about all that the subject consisted of. Nowhere do economists account for the fact that globalization breaks all of those links.

In other words, during the 1950s, the economy could be increased or decreased in terms of how many houses were being built, because everything within the houses was produced domestically. So a common practice was to spend an additional $10 billion on the military; and everything would take off, as more houses were built and supplied with appliances.

Why raise interest rates to lower inflation? Supposedly, fewer houses will be built, which will put low class workers out of work; and abracadabra, everything gets cheaper. There has long been a shortage of houses due to immigrant workers disappearing and not enough domestic workers being up to the task. Economists missed that fact or its meaning. Why create a shortage of houses when there is already a shortage of houses?

It shows that economists can't think straight. But it also shows that the quickest fix to all social problems is the war against the lower classes. Corruptions tend to bias assumptions; so a solution to any problem can always be found in the war against the lower classes.

What causes prices to increase in the recent, globalized economy? Every aberration is the cause. Not the least cause is Trump kicking every competitor in the face to get a better deal for America. Things don't work as well doing that.