What happens when the study of economics reduces itself to mathematical formulas and equations? It disconnects itself from reality. Government and academic economists live in the world of economic mathematics. The result is what we have now: economic uncertainty and loss of credibility.
Who really believes anything economists tell us anymore?
Are we near the bottom of the recession, or have we just seen the tip of the iceberg?
What surprises await us around the next bend?
The world is starving for an economic philosophy that doesn’t obscure itself in mathematical jargon or in conspiratorial superstition, but simply makes sense and is accurate.
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Two economists got a Nobel Prize in Economics for the "perfect" formula for valuing packages of mortgages. When asked what went wrong, a world-class mathmetician told me "garbage in, garbage out".
Learn about the ramifications of derivatives, and why honesty is the only path out of the economic mess at www.4Brevard.com/foreclosures.shtml
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