Tuesday, March 1, 2011

Mishkin's praise of Iceland

Watch this interview of former FED governor Frederick Mishkin and learn what's been going on in a profession that is corrupted by the evils of the desire for power and money:
http://www.youtube.com/watch?v=8lHvTKzfu8Q&feature=player_embedded#at=41
Comment: It is not only corruption as a consequence of unhampered greed that turns some so-called "professors"  into liars, it is also a deep-rooted incompetence among large parts of the current economics profession that makes many of them produce nonsense. Just like the current dishonest monetary system makes bankers rotten and corrupt, a false economic theory rots the minds of its protagonists.

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