I am no economist but I can see logic when it hits me in the face.
For decades, it has been obvious that a financial system based on growth has validity only whilst the growth continues, and then only if all other factors are favourable. To expect the growth to continue without end has to be a system in denial, unworthy of intelligent educated people.
Commentary: Everything you know about economics is wrong
By Paul B. Farrell
June 13, 2012 ” – SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, everything you know about economics is wrong. Dead wrong. Everything. The conclusions of economists are based on a fiction that distorts everything else. As a result economics is as real as one of the summer blockbusters like “Battleship,” “The Avenger” or “Prometheus.”
The difference is that the economic profession is a genuine threat, not entertainment. Economics dogma is on track to destroy the world with a misleading ideology.
Why? Because all economics is based on the absurd Myth of Perpetual Growth. Yes, all theories and business plans based on growth are mythological.
Economists are master illusionists who rely on a set of fictions, fantasies and forecasts that emanate from a core magical mantra of Perpetual Growth that goes untested year after year.
And yet it’s used to manipulate the public into a set of policies and decisions that are leading the American and the world economy down a path of unsustainable globalization and GDP growth assumptions that will self-destruct the planet.
Denial? We’re all addicted to the Myth of Perpetual Growth








