Economics, Economics, Economics

By Dann Reid

To paraphrase a line from Mel Brooks, “economics, economics, economics.” We can’t seem to get away from it. When we buy something or turn on news or see the current Nobel laureate it’s economics. Ugh!

I remember seeing the nightly news talking heads throw it to some economist to tell us what was happening in the late Carter years. I was in high school then so that was just not something I was concerned with. I do recall wondering why there were so many economists. If the study of the economy was a job, why did so many people do it? How hard could it be that it needed so many? Ah, from the mouths of teens.

There are so many economists, as far as I can tell, because so many of them are just plain wrong. There is a clever anecdote to pull from that, but I don’t wanna work that hard. What I have learned in the last 18 months or so of paying attention to economics is there are Keynesian economists (those are the one’s who did and continue to botch everything), the London School, Chicago School, Hayekians, Friedmanians (both of them), Misesians, and Rothbardians, to list only some of the well known. The last two on that list are members of a school with no building called the Austrian School. Continue reading “Economics, Economics, Economics”

It’s True, I Swear

By Dann Reid

My 5 year old is smart. As her dad of course I say she’s smart. But, she is. She can visualize a lego toy in her head based on the picture and follow the directions perfectly. She’s has the ability to see completed that which is apart. That’s smart. Or something.

This same child does not have a sense of fluid dynamics or inertia. When she pushes the milk glass with the force at the top, it spills. I point out that she should push from the base and I am rejoined with a stern “I know!”

She has a cute habit of mispronouncing multi-syllable words. Interesting becomes in-stres-ting. It’s very cute and all too soon it will go away. She corrects us when, on the rare occasion we wish to remove these cute bits, that she knows she is right, that this word or that is pronounced as she has demonstrated.

She knows. For her it is true.

True. The hunter’s arrow flew true to the heart of the elk. The scorpion was true to its nature and stung the hiker. Her true love surprised her with a marriage proposal. We say these things are true and think little more about the word. What of true things which cannot be observed? Metaphysicians wrestle with big ideas and truth is a big idea. In Natural History of Intellect, Emerson writes that a student “must find what truth is.”[1]

How do we do this? Continue reading “It’s True, I Swear”