Wed, 2 September 2015
Well gang I had a couple of days off and it gave me some time to think. Most people don't know this, but when I get time away from the office I typically come up with some new hair-brained idea or new concept I want to share. I think it's because my brain is freed up from the normal day to day problems I typically deal with and it's when you're thinking about something the least that you have a breakthrough.
One of the things that I had been struggling with since our discussion last week about economics was the idea of "fundamentals don't matter". I got some blow back when I made that statement last week and although I knew it was provocative I also knew I was right. But how do you explain a complex economic idea like human sentiment in such a short period of time. Answer: you can't.
So I started writing the outline of a new paper I've loosely titled "The Theory of Individual Sentiment". In this paper I'm going to attempt to share my thoughts on where modern economists go wrong and the roll perception plays in our economic decision making.
Today on the show I talk a little about this theory in more detail and wet your appetite for more. I also discuss the new educational series I'll be starting that will explain some of the basic ideas of economics in a way that will make it fun and easy to understand. That way you can destroy your opponents with unbeatable arguments that support your beliefs about liberty.
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