I have a master’s degree in political science, a master’s d…
I have a master’s degree in political science, a master’s degree in geography with a 4.0 GPA, a PhD in law, a PhD in economics, a master’s degree in finance, a master’s degree in econometrics, a master’s degree in statistics, a master’s degree in history, and enough formal education to occupy a small shelf of university registrars.
Yet every week a man armed with an infographic and a grievance arrives to explain economics to me.
One must admire the courage.
It takes a special sort of confidence to discover a chart showing the long-term decline in the purchasing power of a currency and imagine one has thereby solved monetary economics, public finance, demography, political history, labour markets, capital formation, fiscal policy, sovereign debt, and economic growth.
The medieval alchemists at least had the decency to admit they were searching for answers.
The modern internet economist finds a picture on social media and concludes he has already found them.
The truly amusing part is not that these people are wrong. Everyone is wrong from time to time. The amusing part is that they believe a century of economic history can be reduced to a single line on a graph and a slogan about money printing.
After a while, one begins to suspect they are not studying economics at all. They are collecting comforting stories.
And then they wonder why people who have actually spent decades studying these subjects are less impressed by an infographic than they are.
Replies
For some, a person such as myself comes out of nowhere bursting with enthusiasm to engage in civitas, after much study, only to get relegated to the back of the short bus as it were. Even we, and please forgive the unintended over-familiarity, but your lamentations demonstrate why I've just kept my art & research studies in their storehouses-at times, because other times the eager Spirit/Will yearn to communicate & connect with the Other when the integrations never failed to arrive yet even the thick-skinned occasionally get irritated by the incredulous, and the power of connectivity, that is an unintentional reference but apt nonetheless, when that connection does reach the earnest & foot forward in Work always worthwhile maybe even more so as the common ground seems increasingly rarified.
The power is demonstrative, as we plebeians even respond to proxy accounts such as this. The power of social animals.
One must turn Inward & Center within to become capable of true decentralization.
Some of we unknowingly built ourselves for real BitCoin in its essence, in this case the late 80s/ early 90s whence first sat into Seiza.