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InvisibleDividedQuantumM
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Registered: 12/06/13
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economists
    #21920172 - 07/09/15 02:16 PM (8 years, 6 months ago)

I was just sort of wondering, and please correct me if I'm wrong (as I really don't know much about this subject), about the following:

Is it true that economists are never any good until after the fact?  They are quite good at explaining the recent, and not so recent, past, but they seem wholly unable to predict anything that will happen economically.  It's always chaos, and nobody knows what will happen until it happens -- seemingly.

What am I missing?  The "dismal science" might be more scientific if it could make predictions worth a damn.  Might make us some more money, too.


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Vi Veri Universum Vivus Vici


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InvisibleSun King
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Re: economists [Re: DividedQuantum] * 1
    #21920320 - 07/09/15 02:57 PM (8 years, 6 months ago)

Quote:

President Harry Truman hated what he termed two-armed economists, those who would advise him first “on the one hand” and then “on the other hand.”
Give me a one-armed economist, he demanded, an adviser who wouldn’t waffle.




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OfflineBrendanFlock
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Re: economists [Re: Sun King] * 1
    #21928631 - 07/11/15 12:08 PM (8 years, 6 months ago)

Well economics is a science of understanding..in the great gape of time..inside mother Earth houses a core..which is in the middle of understanding..and the bracelet is one of a magnitude of awareness..and that is the micocausm(Micro Economics), We are each like suns..in Solar Radiation Suits..to protect are Face and neck..the eagerly we are is the conditions of the mason atonement..which is that freemasonry supports the free market..and the conditions are variables in time..within reach is all of us, holding up the Earth so High..that we are not able to come down..or in response in general we find the mason benefit is a key to consumerism..which is definitely a direct extension of utility..although we use utilities like water and electricity..we indeed inside of our selves House Utility..as a means to get what we want and need..and that is the meaning of demand in general..so it is obviously up to the government and corporations to supply to this general theory of demand..so that we do not break our peace(But of course breaking bread is always good)..and recommended to deceiving in the art of time..which is a condition on the arising of awareness necessarily..it is not well for corporations to hide things from us..when we all want to experience joy..and gladness in the knowledge that we will indeed be fulfilled..and that is the condition of the USA..which is an Epicenter of production and Mason Guilding..to which the honest Osprey calls out and shouts(Woo Hoo!)(We have a Winner!)...and that is the greatest condition in market economics..which is the joy to receive and project winning philosophy..and the feeling of winning in general..the best set of conclusions is one in which we are all winning..from time on memorial..to the great Netscape in history..there is a reason no one uses Netscape anymore..and why Microsoft is still one of the most domineering corporations in America..and the Conditions of Monsanto to make Terminator seeds..is a corruption of the Idea of being rulled to the political mindset of attaining Peace..and goodness in the general Causm of the Morbid atonement..of the Wrath of God(The In we Trust on the Dollar Bill).. And the Convenience store is always likely to be able to fill up you requests for candy..but it is the  little things like Marijuana that get pushed outside the realm of conditioned market economics..and there in it is forced to be sold on the street in the underground..on the black market..Russia is like this to the day..and the dot is an understanding of what exactly people need and want..it would be dutiful to legalize all drugs and let the citizens decide for themselves what to ingest..and become with their being..this is the extension of the religious suicide..which is the containment of an Idea..that is upheld among all others..in such a way that it becomes an idol..if you feel good about it then its probably true..but living in fear has got to end..in the general causm of time..


Edited by BrendanFlock (07/11/15 12:11 PM)


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Offlinefalcon
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Re: economists [Re: BrendanFlock]
    #21928887 - 07/11/15 01:27 PM (8 years, 6 months ago)

Quote:

BrendanFlock said:
Well economics is a science of understanding..in the great gape of time..inside mother Earth houses a core..which is in the middle of understanding..and the bracelet is one of a magnitude of awareness..and that is the micocausm(Micro Economics), We are each like suns..in Solar Radiation Suits..to protect are Face and neck..the eagerly we are is the conditions of the mason atonement..which is that freemasonry supports the free market..and the conditions are variables in time..within reach is all of us, holding up the Earth so High..that we are not able to come down..or in response in general we find the mason benefit is a key to consumerism..which is definitely a direct extension of utility..although we use utilities like water and electricity..we indeed inside of our selves House Utility..as a means to get what we want and need..and that is the meaning of demand in general..so it is obviously up to the government and corporations to supply to this general theory of demand..so that we do not break our peace(But of course breaking bread is always good)..and recommended to deceiving in the art of time..which is a condition on the arising of awareness necessarily..it is not well for corporations to hide things from us..when we all want to experience joy..and gladness in the knowledge that we will indeed be fulfilled..and that is the condition of the USA..which is an Epicenter of production and Mason Guilding..to which the honest Osprey calls out and shouts(Woo Hoo!)(We have a Winner!)...and that is the greatest condition in market economics..which is the joy to receive and project winning philosophy..and the feeling of winning in general..the best set of conclusions is one in which we are all winning..from time on memorial..to the great Netscape in history..there is a reason no one uses Netscape anymore..and why Microsoft is still one of the most domineering corporations in America..and the Conditions of Monsanto to make Terminator seeds..is a corruption of the Idea of being rulled to the political mindset of attaining Peace..and goodness in the general Causm of the Morbid atonement..of the Wrath of God(The In we Trust on the Dollar Bill).. And the Convenience store is always likely to be able to fill up you requests for candy..but it is the  little things like Marijuana that get pushed outside the realm of conditioned market economics..and there in it is forced to be sold on the street in the underground..on the black market..Russia is like this to the day..and the dot is an understanding of what exactly people need and want..it would be dutiful to legalize all drugs and let the citizens decide for themselves what to ingest..and become with their being..this is the extension of the religious suicide..which is the containment of an Idea..that is upheld among all others..in such a way that it becomes an idol..if you feel good about it then its probably true..but living in fear has got to end..in the general causm of time..





I was going to break this up because your prose is fun, but you know this may be the longest run on sentence I've seen here, so I'm going to stop where I am, kudos.

Divided Quantum, I think Economics is more of an art, the larger the system you look at the less likely you are to get it right. But subsystems, within the larger system are probably easier to predict or maybe control making the study of useful.


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InvisibleDividedQuantumM
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Registered: 12/06/13
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Re: economists [Re: falcon]
    #21929173 - 07/11/15 02:48 PM (8 years, 6 months ago)

Interesting point. :thumbup:


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Vi Veri Universum Vivus Vici


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Offlineakira_akuma
Φύσις κρύπτεσθαι ὕψιστος φιλεῖ

Registered: 08/28/09
Posts: 82,455
Loc: Onypeirophóros
Last seen: 4 years, 1 month
Re: economists [Re: DividedQuantum]
    #21943978 - 07/14/15 08:59 PM (8 years, 6 months ago)

*bump*

i think this thread is interesting overall. i don't much at all about economics. it's a very interesting art/science.


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