Sunday, March 8, 2009

We Need Change Not Status Quo!

I was left with a big skepticism about what these 'experts' were saying in this linked news clip. If the video summary represented the impression of those in attendence then the cause of classical liberalism treaded water - at best.

By the description given by the slippery and smooth talking Philadelphia Federal Reserve Vice President it is clear to anyone with even moderate perception that economists are just protecting their turf, not willing to be seen as vehemently opposed to the lack of ethics in their profession.

That is one of the main weaknesses of the economics profession. Those who cannot fathom how it is possible to scientifically merge economics and ethics will have to be satisfied with treading water.

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