Have you been wondering why al I the ideas you learned in Economics I haven't been working? Why the forecasts made at summit meetings of economists seem to go wrong? Why the U.S. economy, in utter disregard of all the rules of classical economics, suffers rising inflation and rising unemployment at the same time?

Well, there are reasons. Reasons that establishment economists have not wanted to face, and sti I I refuse to face, because the great myth of the last three decades would then be exposed. The myth is that we are so rich, so productive and so favored that we can have both a huge and growing military establishment and simultaneously a healthy society replete with booming industry and all the social services we need.

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