Gonzalo Lira On The Identity Of The False Religion Behind The Mask Of Economic “Science”…(A Must Read!)

Tuesday, October 26, 2010
By Paul Martin

by Gonzalo Lira

“Our God Is Money”: Economics Isn’t a Dismal Science—It’s an Ersatz Religion

“Are you an Austrian?” I was asked recently, in the polite tones reserved for asking if I were, say, Jewish or Muslim or Christian.

I’d been asked the question while discussing macro-economic policy in the United States—

—actually, “discussing” doesn’t quite capture what I’d been doing:

I’d been lambasting the Neo-Keynesian drivel of spend!-spend!-spend!, which I deplore—“They’re like drunk sailors with the national credit-card—trawling for good blow and cheap whores in a Tijuana back alley!”—

—while at the same time ridiculing the Monetarists’ obsession with money supply—“Money-supply fetishists are just like foot fetishists—only twice as creepy, and only half as reasonable!”—

—all the while insisting that in this Global Depression, savings had to be the priority—austerity the only policy prescription that made any kind of sense.

“Are you an Austrian?” came the question.

The Rest…HERE

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