I know that I have previously ranted about this but it bears repeating. Economics is not a science. It is called the dismal science for a reason. It is not a science. If it were there would never be inflation or recessions or depressions because these‘scientists’ would know just what to do to fix everything. But they’re clueless and just make shit up. Yellen just says stupid shit. She is clueless about everything.

There should never be a Nobel prize for economics. It’s total crap. They like the global warming experts are just making it up. Beyond basic economics 101 with supply and demand curves and guns versus butter everything else is just made up. As you know I have an MBA and I stumped my economics professors on many occasions. For example, one professor was waxing eloquently about how if you increased wages for overtime work it would increase hours work and I said not necessarily. If my basic pay was enough to take care of all my needs then it would take significantly more money to get me to give up my free time and it confounded him because he assumed that his supply demand curve was sacrosanct.

I had another professor talking about how you could maximize profits by going to a slope of zero on the sine curve, and I’m not going to explain this here but as you know I also have an engineering degree, and I pointed out that it would also be the point of your lowest profits and he said that I shouldn’t be pointing out things that most econ students were clueless about because it would confuse them and cudos to any of you that followed that. My point is only that economics is not a science. Just like the global warming idiots it is people making up computer models that are nothing more than SWAG!