Comments by "Tony Wilson" (@tonywilson4713) on "The Economic Megathreats That the World Has No Answers To | Economics Explained with Dr. Roubini" video.

  1. I started with a degree in aerospace but have spent most of the last 30+ years in industrial control systems and automation (manufacturing, mining, water treatment,... etc.) A couple of years ago I started informally studying Economics because I got so tired of clowns with economics degrees screwing up stuff. I've watched a lot of YT vids and read some books. The problem with ALL ECONOMISTS is they all have a common core curriculum that's full of nonsensical assumptions and theories all focused around market economics. Its why they can't ever shut up about markets. Its not unlike that all courses have core subjects its just that there's are full of insanely stupid market fundamentalism which is an ideology NOT a science. LIKE ALL ECONOMISTS this guy has almost zero grasp of what production actually means or takes to achieve AND YET like all economists he actually thinks he understands what production is. Just the other day one I was watching Australis REBEL economist (yes they do exist) and he dropped something that's not only filled in one of the things I needed to hear but its so astounding I can barely believe it. Steve said that in none of the economic models that have been used so far ENERGY DOES NOT EXIST. Its just not in the models. Its as if for all these decades economists have only considered that energy is the stuff that magically comes out of power points. As far as they are concerned its used everywhere but has NO BEARING on any economy. After watching heaps of these guys over the last few years this admission that they don't even include energy in their models is stunning. Imagine if you built a factory and didn't bother to find out if the local power grid was capable of supporting that factory in that location. At the macro economic level these clowns treat power grids as if they don't even exist. Go and look up a podcast Steve did with a pair of British undergraduates titled "Value in economics Explained by Prof. Steve Keen" on the channel Wellbeing Economics Brighton. Its an hour and 8 minutes that will stun you. If you are looking for other Rebel Economists try the Brit Gary Stevenson.
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