I WONDER WHY
ECONOMISTS THINK THEY ARE
Sometime in the late
business section of a newspaper was a comment about economists
debating productivity in the economy. The author of the article wrote
that “the debate may seem esoteric-but it matters to real
Not being an elitist I did not
understand what he meant so I looked up esoteric, first in a
thesaurus where the word is listed as an adjective having a similar
meaning as deep. I rephrased the sentence; the debate may seem
deep-but it matters to real people.
It did not seem deep would be a
good substitution for esoteric so out came the ol dictionary and I
promptly got irate. ESOTRIC 1. Intended for or understood only by a
particular group. 2.a. known by a restricted number. b. confined to a
small group. 3. Not publicly disclosed; confidential.
supposed to be specialists that deal with production, distribution
and consumption. If this “esoteric “
group does not
understand some of the problems facing this country maybe they can be
enlightened by some of the blue collar workers who have seen factory
jobs relocated so investors could get a better return on their
dollars. Maybe they could debate whole corporations that manufacture
nothing but thrive on shuffling paper around, trying to be a
perpetual money machine (perpetual motion machine is impossible
real life, perpetual money machine impossible also). It is just a
matter of time before perpetual money machine collapses; does the
phrase Japanese market “bubble” ring a bell.
place economy among the first and most important virtues, and public
debt as the greatest of dangers to be feared. To preserve our
independence, we must not let our rulers load us with perpetual debt.
If we run into such debt, we must be taxed in our meat and drink, in
our necessities and in our comforts, in our labor and in our
amusements. If we can prevent the government from wasting the labor
of the people, under the pretense of caring for them, they will be
Maybe some “enlightened”
esoteric individual could explain to me why it is better to pay
$1,000,000,000 (billion yes with a “b”) a day interest on
the national debt; than to become debt free and use that money, one
billion a day or $365,000,000,000 a year to fix our infrastructure,
our schools. Do you remember the Gramm-Rudman bill
issue years ago?
The crude oil
consumption in this
country is greater then it has ever been. The volume of everything
else we are importing is mind boggling. N.A.F.T.A. and G.A.T.T. what
an embarrassment to the working class of the United States.
We are paving over farmland (food
one of our best exports) at such an incredible rate that it will not
be long before the United States has to import food; Boeing has cut
deals left and right to manufacture aircraft parts overseas
(airplanes another good export). Lumber mills are closing at an
unconscionable rate, yet whole logs are shipped overseas.
Drugs one of this country’s
biggest imports should be viewed as capitalism (laws of supply and
demand) at its finest; and the war on drugs (what a joke) could not
possible ever be won because of the large number of people (judges,
lawyers, police and jailers) who would be unemployed (we do not have
the factory jobs to go back to).
If it is economists who are being
referred to as the “real people” “the debate may
seem esoteric-but it matters to real people” this would be a
slap in the face to all the people who have lost their “production”
type jobs due to the greed of Wall Street and the depravity of the
accounts who look at the here and now without giving thought to the
future. Remember the $20,000,000,000 bailout in Mexico and a multi
billion-dollar bailout in Asia.
I suppose as long as the attitude
is I got mine and screw you this country will reap what it sows,
which makes the revised pledge of allegiance as applicable today as
when it was first written in June 1992.
allegiance to the flag of a nation that is bankrupt and dying!
Not just financially
in this sea of red ink, but
morally as well
And to the
for which it once stood!
Our leaders have sold
the U.S. out to the United Nations
Which has forsaken
Greed, lies, murder,
Is divisible with
special interest groups!
justice for all!
A number of judges and
legislators seem to have a perverse sense of right and wrong.
It is truly a shameful state of
affairs when one thinks of the sweat and blood shed to create and
preserve this great country, but I suppose due to the widespread lack
of character, one should expect no better.
who would trade
freedom for security deserve nether freedom nor security”.
would give away the farm do not deserve to eat.
P.S. Why is it that people like
George Washington, Thomas Jefferson, Ben Franklin, Daniel Webster,
Abraham Lincoln, Martin Luther King Jr. just to name a few, could
accept the Bible but many so called “intellectuals” can
knows maybe some esoteric
(deep) intellectual type will be able to answer this for me.