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Cambridge Quackonomists Face Angry Mob|
Instead, audience members – middle-aged, smartly dressed and doubtless sizably mortgaged – took it in turn to attack bankers, politicians and, yes, economists. They'd created the mess everyone else was paying for, yet they'd suffered no retribution.
In one of the world's elite institutions, the elites were taking a pasting – from accountants, entrepreneurs and academics. They knew what they were on about, too. Given his turn on the mic, one biologist said: "I'll believe economists have reformed when the men behind Black and Scholes [the theory that helps traders value financial derivatives] have been stripped of their Nobel prizes."
- Mainstream economics is in denial: the world has changed
Yes, the UK's most prestiguous edukashunal establishment peddles lies. Quackonomist have recently been admitting that quackonomics is not a science, saying it has different factions which you wouldn't see in a true science. But quackonomics is even less than that. It's merely competing factions of lies, reflecting the fact that western shamocracy is nothing but gangsterism.
After all, the most significant thing to emerge from academic economics in the past five years has not been any piece of research, but the superb documentary Inside Job, in which film-maker Charles Ferguson showed how some of the best minds at American universities had been paid by Big Finance to produce research helping Big Finance.
So the undergraduates have for years been taught B.S. at Harvard and Cambridge and didn't even know it!!!! Still believe the US and UK have the World's best yooniversities? Quackonomics isn't even an intellectually rigourous subject, so the likes of amerikan quackonomist, Adam Posen, have a Ph.D. in B.S. It's like having a dumb-assed Ph.D. in Finger-Painting or Navel Gazing. What was the title of his doctoral thesis, "Adverntures in Advanced B.S.", "You CAN fool 100% of the Sheeple 100% of the Time" or "How to Shout Louder When Confronted with the Truth" perhaps?