The Fallacy of Modern Economics

in #economics7 years ago

In this report I look at the origin of the word Economics and argue that the modern academic field of economics has been corrupted in order to justify the Big-Government and Fiat Money System we live under.

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There is one sinister aspect of fiat money that I think often gets overlooked, and that's what gives fiat money value. Fiat currencies are essentially just paper except for the fact that governments can (and do) demand that taxes be paid in that currency.

Economics has always been a pseudo-science.

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