What is the job of an economist? Is this a job that is inherently political? Maybe it is about dictating morality? Of course anyone who can pronounce economist knows that it is a job of research, study, analyzation, and rational scientific conclusion. It is certainly not an economists job to be political or moral as by definition these influences would likely interfere with his work in a negative way. Yet the lefts answer to great economists like Milton Friedman and Thomas Sowell the latter of whom graduated from Friedman’s college courses as a devout Marxist, is Paul Krugman a man who has gotten very wealthy pushing a political and moral agenda that he tries to decorate with economic theories that have time and time again proven to be epic failures.
Krugman is who the left expects us to believe as his theories hover around big government and big spending as the cure all to Americas ills. He also believes that it is the responsibility of government to care for the people from cradle to grave.
As someone who has been more than an academic in economics I am a bit overwhelmed that we have universities in The United States that give Phd’s to people who simply do not understand economics or the many variables that surround the discipline. I am however less surprised that he received a Nobel Prize given that Barrack Obama got one for doing absolutely nothing. That particular prize doesn’t hold the same kind of esteem it once did. Today it is akin to winning a states lottery …. except 2nd prize not first.
Perhaps it is just his lack of any practical experience. Remember Thomas Sowell? Even after taking Milton Friedman’s classes he still left college as a Marxist. So what happened that turned him into a capitalist? He got a job in economics that’s what happened. More importantly he got a job with the. U.S. government and it wasn’t long after getting that job until he began to question his own beliefs on economic and social justice. What Sowell discovered was that government, even good government (whatever the hell that means) is far too deeply steeped in corruption to ever spend the taxpayers money responsibly and that people rather than government were far more capable and willing to help those in need than government is unless of course it is an election season. Or as Sowell is so often quoted as saying people confuse feeling good with what works.
Krugman is the perfect poster child for the point I’m making today which is academia is completely incapable of providing answers for much of anything. They teach theories that they like but it isn’t based on whether any of these theories work because the people who teach these theories by and large have never had to put any of their theories to the test of reality. What really works? They are guessing at best.
You know who I want to learn from? Not some late 20’s hipster who rides a skateboard to work that is for sure. I want a grizzly old bastard who had done and seen it all and has enough respect for me as a student and his employer to set a good example by wearing a suit to work. I want to be taught by people who have years of practical hands on experience in the disciplines they teach. Anything else is just plain bullshit.
But as long as colleges continue to cater to style instead of substance, sports instead of practical education, dorm rooms and spring break, they will continue to produce graduates like Krugman who haven’t a practical clue about what they’re talking about but will be praised nonetheless for being just sober enough to graduate.
You see kids college doesn’t teach you much about the real world even though in theory (or maybe hypothesis at this point) their job is actually to prepare you for the adult world. The absolute best you can hope for is that you might come away with some snippet of information that you’ll actually find useful in the real world. The worst is that you’ll graduate with a fancy degree and move back into your old room at your parents house while you attempt to pay down at least some of your student loans.
To make it in this world today you have to take charge of your own life and actively seek the information you’ll need to succeed on your own even if you are going to college. Because those motherfuckers don’t know shit.