Blind Guides, Who Strain Out a Gnat and Attempt to Swallow a Camel!

This is exactly what goes on continually on economic blogs. Economists and pundits obsessively “strain” at all manner of problems and critique each other all the while never resolving anything while blindly “swallowing” both the current paradigm and being completely unconscious of the new one which indeed will resolve our long standing monetary and economic problems. Some even stand looking at the new paradigm but fail to perceive it due to their addiction to abstraction. And even while directly looking at suggested temporal universe policy effects aligned with it and that would implement it orthodoxy and its blindness and non-looking take over and no insight occurs.   It’s pitiful and infuriating at the same time.

 

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