Why Go Fantasy Free?

horseyThere is a gift that nature gives to all animals. All animals have the highly developed skill of being able to recognize and respond to danger in the present moment. Some even seem to have a degree of clairvoyance. Animals know to go to high ground when a storm is developing. All are quick to recognize danger and for dangers they know the best way to respond.

Human beings have similar abilities but seldom use them.  Humans face different risks than other animals. They do fairly well when responding to physical dangers in the moment. If a human hears gun shots he will duck. He will move away from the road if he hears the squealing of tires. Humans also face intellectual dangers that lower animals don’t face. For example, a person is very vulnerable to threats such as a con artist or a politician.

Tools of survival are not all defensive. Offensive survival tools are those of lies and deception. Human predators who lie prey on others who indulge in fantasies. The fastest way to separate someone from his money and resources is to fill his head with fantasies. Fantasies are comforting but represent nothing real. With respect to economics a popular fantasy is the notion that there is an incentive to serve others. This is completely ridiculous. Nature provided no such incentive. In any population, citizens adopt the notion that there are good people vying for leadership positions so that they can serve them. This is completely imaginary. Still the fantasy that candidates want to serve governs how people vote.

Human beings can recognize and respond to danger almost flawlessly when their mind is free of fantasies and euphemisms. Most academic disciplines outside of the hard sciences are so filled with fantasies that they have no utility to society. Economics is the worst. Economists all around the globe operate on the basis that the Federal Reserve Open Market Committee members are straw men, completely devoted to working in the best interest of the country. Economists constantly fantasize that one number can cause another when the only cause is the incentive that produces the number.  Ask an Ivy League economist what causes inflation and he will say something like too much money chasing too few good and service. The cause is actually the incentive  person in control of the money supply has for inflating the currency.

If a person can discard fantasies and euphemisms and stare cold reality in the face the answers to virtually every nagging question become obvious. This is the skill I have and that is why I am the world’s best economist. Anyone can do this but I am telling you it is not a pleasant activity. It is also a great way to lose friends and make enemies.

In summary, fantasies create happiness but they separate you from your common sense. Normally a human can rock along just fine with no common sense at all but on this occasion it is going to be completely necessary.  It is a good time for every person to roll back fantasies as much as possible until the political storm and economic collapse run their courses.

 

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About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.

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