Jew Economists Ruining America! Note Bernanke in Photo!

From the NSP News Service:  We at the NSP are just waiting for the whole "economic bubble" to collapse -- and fall right into the hands of International Jewry! As for the recent articles on various internet news sites that the "American middle class" is bearing much of the brunt of the "economic squeeze," we ask "what American middle class?" And if one still exists, how is it to be defined, purely in economic terms or by other factors and delimiters?

It is always good, these days, to be ready at a moment's notice to get the hell out of this Country, Aryan America!

-- Karl Wolff III, Director of Communications, NSP.  1488!

6 ways economists are ruining the country

These guys get it wrong all the time. So why do our lawmakers put so much stock in their words?

 

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We give economists too much credit and too much say over America's policies -- and the result has been a disaster. That's the gist of an argument on Salon about how Economics 101 is killing America.

The country's economic policies have led us down a dreary path littered with foreclosures, debt and joblessness. Good economists should have sounded the alarm bells well before we got to the Great Recession, no?

Can we blame the economists for this? Perhaps. But our lawmakers should have taken a more skeptical view of the over-simplified picture economists were presenting over the years instead of blindly accepting and acting upon their words.

Salon describes 10 ways economists and the basic economic principles they espoused ruined America. Here are six of them:

1. They present economics as a science. That makes lawmakers feel better about following their advice. But if economics was truly a science, asks writers Robert Atkinson and Michael Lind, why do so many economists disagree about raising the minimum wage and other policies?

2. They pursue efficiency over innovation. Economists are obsessed with making everything as efficient as possible. But rather than make the current system run in tip-top shape, why not look for better systems? That will drive prosperity.

3. They focus too much on markets. Economists focus so much on the markets that, in some ways, the economy is considered a synonym for the market, Atkinson and Lind argue. That overlooks some decidedly non-market factors shaping the economy, such as government spending and household production.

4. They think prices reflect value. When housing prices saw an incredible run-up a decade ago, economists everywhere celebrated the strong market fundamentals on display. Wrong. Rising home prices didn't signal anything strong about the market, as we all found out.

5. They think all profit is good. The economy certainly benefits from productive activities like farming, manufacturing and the like. But does it benefit from what might be considered phony gains in real estate appreciation and stock market manipulation? Economists look at all profit favorably.

6. They think low wages are good for the economy. Higher wages equal less demand for workers, which leads to more unemployment, the thinking goes. But is this true? Higher-paid employees with more skills and technology can outproduce poorly paid workers with no skills. Also, higher wages tend to push employers to cut costs with new technologies