The following is an opinion piece. The views expressed are entirely fictional. The confidence level is not.
By Barry Loudvoice, Chief Opinion Officer
I’ll be honest with you: I dropped macroeconomics in college after two weeks because the professor “had an attitude,” and I have not opened an economics textbook since. And yet, I can state with complete certainty that I understand the economy better than anyone with a PhD in the subject.
Let me explain why economists are wrong about everything.
First: have you met economists? They spend their whole lives in universities, surrounded by whiteboards and journal subscriptions, thinking about “models” and “data” and “peer-reviewed research.” When have any of them been to a Costco? When have any of them watched seventeen consecutive hours of financial news commentary? I do that. That’s me. I’m very informed.
Second: the economy is actually very simple if you think about it the right way, which is my way. Money goes in, money goes out. Prices go up because of bad people. Prices go down when good people are in charge. You can’t explain that.
Third: Paul Krugman has won a Nobel Prize, which actually makes me more suspicious. Have you seen what these Nobel people are up to? I’ve read three things about him on websites I trust.
I also have several friends — real people, not models — who are struggling. That’s my data. It’s primary source material. It’s arguably more rigorous than a dataset of 400 million economic transactions, because my friends are real.
My Economic Credentials
- Watched 340 hours of financial news (various channels) - Balanced my own checkbook for 12 years (excluding 2019–2021) - Once read a 600-word article about the Federal Reserve - My dad was in business - Has strong opinions - Will not be changing themThe “experts” will tell you the economy is “complicated” and involves “supply chains,” “monetary policy,” “labor market dynamics,” and other phrases they use to make themselves sound necessary. But I’ve figured out the whole thing just by being very confident and not considering the possibility that I’m wrong.
In conclusion: economists don’t know what they’re talking about, I do, and if you’d like to argue about it, I’ll be at O’Malley’s pub Thursday night, where I have been explaining this to people for four years with tremendous success in the sense that I keep doing it.
Barry Loudvoice has written for Freedom Eagle since its founding. He holds a bachelor’s degree in Communications, two parking tickets, and an extremely online presence. His column appears whenever he has something to say, which is constantly.