Savitri Era of those who adore, Om Sri Aurobindo and The Mother.

Saturday, December 27, 2008

Massimo says economics is founded on "complex mathematical models", when it is not

Massimo Pigliucci says so many false beliefs that it's far easier to tell all to ignore him than to attack each one of his falsehoods. Massismo confuses Academia with "science". Massimo says economics is founded on "complex mathematical models", when it is not. Massimo says economists get Nobel prizes yet neglects to tell you that the Sweden Central Bank pays for the Nobel prize in Economics, a central bank built on paper currency with a history of grave errors in central banking. Massimo seems to lack knowledge about the doctrine of rationalism and confuses being wrong with "irrational". Massimo seems to be unaware that economics is the science (recorded knowing) of exchange -- the trading of one right of claim for a thing for another.

Massimo seems to hold a false belief that because a former physics guy, Alfred Marshall, switched to the field of economics in the late 1800s and who wrote a wrong textbook for the field, which lasted for decades, that economics and economists base the field on physics. Massimo, by his words, shows he knows nothing about money, legal tender money, central banking, inflation and the crash results of any central bank driven credit expansion. Smack MacDougal (not verified) 12/24/08 15:23 PM

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