Guest Post: Most Economists Fall Back Into Neoclassical Stupor … “If They Don’t Know Anything, Then Why Should We Listen To Them?”

Another great post on Washington's Blog, first view at Naked Capitalism.

Guest Post: Most Economists Fall Back Into Neoclassical Stupor … “If They Don’t Know Anything, Then Why Should We Listen To Them?”


 Is it possibly time to question the truth about economists and the pseudo science they have created? The government used this "science" to convince the country that their is no inflation when we all are buying higher, and higher prices for food and energy. IE gas over $3.00 a gallon again. Of course this is not due to any speculation but to "world demand" just like it was prior to the recession when oil prices went crazy. This is ridiculous palavering by the Neo's that are bent at all costs in an effort to keep economics mistakenly accepted as a tried and true science.