Monday, June 21, 2010

Zerohedge blasts Keynesian economists

The article pertains to the Chinese depegging of the yuan against the USDollar, but Tyler Durden, the alias of the founder of zerohedge.com, has some interesting commentary on governments, academic economists, and central bankers.

http://www.zerohedge.com/article/euro-creator-mundell-blasts-cny-depegging-may-erode-stability-global-and-chinese-economies


Which in turn leads us to just one question - how long before America's universities stop teaching economics and expose it for the sham science it is and always has been, and out its professors, as nothing more than hollow charlatans preaching a gospel of Keynesian lies.

Since Central Bankers all fall under the "economist" umbrella, as it is all too clear even to the remaining money printers out there that the days of extend and pretend are over, and everything is just empty rhetoric to assuage the masses, and assorted political puppets, as the terminal winddown accelerates. We look forward to, and gladly will be entertained, by many more such hours in which the economist and bankers of the world increasingly turn on each other as the last days of Keynesianism arrive.

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