Economic Witch Doctors - LewRockwell LewRockwell.com

Economic Witch Doctors - LewRockwell LewRockwell.com: “Most economists are political apologists masquerading as economists,” wrote investor and author Doug Casey in an online article entitled “How Economic Witch Doctors Convince Everyone They’re Really Neurosurgeons.”  They “tailor theories to help politicians demonstrate the [alleged] virtue and necessity of their quest for more power” — so much so that economics has become “the handmaiden of government.”  Evidence of Casey’s contention abounds, and is a major theme of my new book, The Politically Incorrect Guide to Economics. New York Times columnist Paul Krugman has been teaching economics for decades, during which time a recession was defined in all the … Continue reading →