Wednesday, September 22, 2010

NBER Declares End Of Recession But Forgets To Announce The Start Of The Depression!

What NBER failed to mention is that what replaced the recession when it ended was a depression. Then when you compare these 'data' with the 1930's 'data' it shows that the recession also ended in the 1930's followed by - you guessed it! - a depression. The declaration that the recession has ended seems true and it fits the 'data' because just like in the 1930's what then begins is the depression.

Is it possible that these empirical economic numbskulls are right about the end of the recession but they just fail to mention that what follows is a depression?
 
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Tuesday, September 7, 2010

Deciphering Unemployment Numbers!

Step One: Hold your nose.

Step Two: Identify the cause of the the effect (unemployment).

Step Three: Call the ego-driven interpreters liars and economic numbskulls.

Step Four: Help others to recognize that politicians are ego-driven interventionists.

Step Five: Search for the means to build a classical liberalism society around yourself.

Step Six: Continue to educate yourself and others about the inappropriateness of empirical economics.
 
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