Comments on: Why Don’t the Economic Experts Tell Us the Truth? http://personalfinancebythebook.com/why-don%e2%80%99t-the-economic-experts-tell-us-the-truth/ Making You a Winner at Money and Life Thu, 09 Feb 2012 18:37:26 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Carnival of Financial Planning – Edition #150 http://personalfinancebythebook.com/why-don%e2%80%99t-the-economic-experts-tell-us-the-truth/comment-page-1/#comment-2872 Carnival of Financial Planning – Edition #150 Sat, 17 Jul 2010 10:02:21 +0000 http://personalfinancebythebook.com/?p=2552#comment-2872 [...] Plemon presents Why Don’t the Economic Experts Tell Us the Truth? posted at Personal Finance By The Book, saying, “We hear lots of predictions about the [...] [...] Plemon presents Why Don’t the Economic Experts Tell Us the Truth? posted at Personal Finance By The Book, saying, “We hear lots of predictions about the [...]

]]> By: Baby Boomers U. S. (The Blog) » Blog Archive » Baby Boomers Blog Carnival Forty-eighth Edition http://personalfinancebythebook.com/why-don%e2%80%99t-the-economic-experts-tell-us-the-truth/comment-page-1/#comment-2845 Baby Boomers U. S. (The Blog) » Blog Archive » Baby Boomers Blog Carnival Forty-eighth Edition Wed, 14 Jul 2010 11:13:08 +0000 http://personalfinancebythebook.com/?p=2552#comment-2845 [...] Plemon presents Why Don’t the Economic Experts Tell Us the Truth? posted at Personal Finance By The Book, saying, “We hear lots of predictions about the [...] [...] Plemon presents Why Don’t the Economic Experts Tell Us the Truth? posted at Personal Finance By The Book, saying, “We hear lots of predictions about the [...]

]]> By: Financial Lessons from FIFA World Cup Final 2010 | Best Personal Finance Articles | Best of Money Carnival #59 http://personalfinancebythebook.com/why-don%e2%80%99t-the-economic-experts-tell-us-the-truth/comment-page-1/#comment-2833 Financial Lessons from FIFA World Cup Final 2010 | Best Personal Finance Articles | Best of Money Carnival #59 Mon, 12 Jul 2010 09:34:42 +0000 http://personalfinancebythebook.com/?p=2552#comment-2833 [...] Plemon presents Why Don’t the Economic Experts Tell Us the Truth? posted at Personal Finance By The [...] [...] Plemon presents Why Don’t the Economic Experts Tell Us the Truth? posted at Personal Finance By The [...]

]]> By: joeplemon http://personalfinancebythebook.com/why-don%e2%80%99t-the-economic-experts-tell-us-the-truth/comment-page-1/#comment-2770 joeplemon Mon, 05 Jul 2010 20:59:19 +0000 http://personalfinancebythebook.com/?p=2552#comment-2770 @Steve and Debra - thanks! @Josh - thanks! @Darren, I agree that what is going on in my own house is way more important for me personally than what is going on in the White House. But I don't want to be naive about the national economy either. You said that everyone is entitled to their own opinion. Right. But writing this post has helped me realize that real experts need more than opinions: they need objective data. I am more interested in reading what an "expert" says if he gives some research and data to explain why he thinks what he thinks. I wonder if any of these experts ever use the scientific method : induction - deduction? Hmmm. @Carol, I just read the post you mentioned. Well done! I appreciate your definition of experts: paid professionals in their chosen fields. The implication is that objectivity is secondary to the interests of those who pay them. A bit cynical? Probably. Correct? Probably. I, like you, am glad we have a totally objective expert in Jesus Christ. We always get the raw truth from Him! @Steve and Debra – thanks!
@Josh – thanks!
@Darren,
I agree that what is going on in my own house is way more important for me personally than what is going on in the White House. But I don’t want to be naive about the national economy either. You said that everyone is entitled to their own opinion. Right. But writing this post has helped me realize that real experts need more than opinions: they need objective data. I am more interested in reading what an “expert” says if he gives some research and data to explain why he thinks what he thinks. I wonder if any of these experts ever use the scientific method : induction – deduction? Hmmm.

@Carol,
I just read the post you mentioned. Well done! I appreciate your definition of experts: paid professionals in their chosen fields. The implication is that objectivity is secondary to the interests of those who pay them. A bit cynical? Probably. Correct? Probably.

I, like you, am glad we have a totally objective expert in Jesus Christ. We always get the raw truth from Him!

]]> By: carol@inthetrenches http://personalfinancebythebook.com/why-don%e2%80%99t-the-economic-experts-tell-us-the-truth/comment-page-1/#comment-2769 carol@inthetrenches Mon, 05 Jul 2010 20:31:55 +0000 http://personalfinancebythebook.com/?p=2552#comment-2769 Money. The current ecomonic crisis was caused by a man-made transfer of wealth from the average citizen to the bankers and insurance companies. The best summary I have read on the subject was $700 Billion Bailout by Paul Muolo. If you have high blood pressure make sure you have taken your pills when you read it. "Experts" are paid professionals in their chosen fields. They are not required to be objective, they acheive their status from those who are willing to pay them. A couple of months ago I did a post on the subject also. http://inthetrenches2009.blogspot.com/2010/04/why-i-dont-always-agree-with-experts.html Thank God we have the real and undisputable EXPERT and his name is Jesus Christ. His book is the Bible. Thanks Joe for working to share these basic principles with your readers. Money. The current ecomonic crisis was caused by a man-made transfer of wealth from the average citizen to the bankers and insurance companies. The best summary I have read on the subject was $700 Billion Bailout by Paul Muolo. If you have high blood pressure make sure you have taken your pills when you read it. “Experts” are paid professionals in their chosen fields. They are not required to be objective, they acheive their status from those who are willing to pay them.

A couple of months ago I did a post on the subject also. http://inthetrenches2009.blogspot.com/2010/04/why-i-dont-always-agree-with-experts.html

Thank God we have the real and undisputable EXPERT and his name is Jesus Christ. His book is the Bible. Thanks Joe for working to share these basic principles with your readers.
carol@inthetrenches´s last [type] ..The Chicken Little Syndrome

]]> By: Darren http://personalfinancebythebook.com/why-don%e2%80%99t-the-economic-experts-tell-us-the-truth/comment-page-1/#comment-2768 Darren Mon, 05 Jul 2010 19:44:50 +0000 http://personalfinancebythebook.com/?p=2552#comment-2768 I'm not sure if the experts truly know where the economy is headed either. Everybody's entitled to an opinion, even the "experts." But nobody needs to listen to an opinion just because it's out there in the media. I say just make sure your financial condition is the best it could be, and tune out the extra noise. For finances, I trust timeless books by authors such as Benjamin Graham and John Bogle. No need to get hyped up with the latest schemes. I heard a cool saying once that goes like this: It's not as important what's going on in the White House, as it is what's going on in YOUR house. I’m not sure if the experts truly know where the economy is headed either. Everybody’s entitled to an opinion, even the “experts.” But nobody needs to listen to an opinion just because it’s out there in the media.

I say just make sure your financial condition is the best it could be, and tune out the extra noise. For finances, I trust timeless books by authors such as Benjamin Graham and John Bogle. No need to get hyped up with the latest schemes.

I heard a cool saying once that goes like this: It’s not as important what’s going on in the White House, as it is what’s going on in YOUR house.
Darren´s last [type] ..Four Tips To Help You Nail The Job Interview

]]> By: Josh http://personalfinancebythebook.com/why-don%e2%80%99t-the-economic-experts-tell-us-the-truth/comment-page-1/#comment-2767 Josh Mon, 05 Jul 2010 19:25:16 +0000 http://personalfinancebythebook.com/?p=2552#comment-2767 good article! good article!

]]> By: Steven and Debra http://personalfinancebythebook.com/why-don%e2%80%99t-the-economic-experts-tell-us-the-truth/comment-page-1/#comment-2766 Steven and Debra Mon, 05 Jul 2010 19:20:12 +0000 http://personalfinancebythebook.com/?p=2552#comment-2766 Great post Joe! Great post Joe!
Steven and Debra´s last [type] ..The Internet Kill Switch- The Berlin Wall of Cyberspace

]]> By: Kevin@InvestItWisely http://personalfinancebythebook.com/why-don%e2%80%99t-the-economic-experts-tell-us-the-truth/comment-page-1/#comment-2761 Kevin@InvestItWisely Mon, 05 Jul 2010 16:07:02 +0000 http://personalfinancebythebook.com/?p=2552#comment-2761 Much of the failure of economists to see what is happening is due to their reducing of human behavior into economic models which even they don't completely understand, and which fail to accurately reflect reality. The Austrians take a different approach, and I believe they were much more successful in predicting the recent turn of events, the effects of credit stimulus, and the bust that follows. You might find it interesting to read the Mises economics blog, at http://blog.mises.org/, or Peter Schiff's commentary at http://www.europac.net/. Ludwig Von Mises, for which the institution is named, was scorned throughout his life by the establishment and by academia for refusing to compromise in his quest for the truth or in his values. Much of the failure of economists to see what is happening is due to their reducing of human behavior into economic models which even they don’t completely understand, and which fail to accurately reflect reality.

The Austrians take a different approach, and I believe they were much more successful in predicting the recent turn of events, the effects of credit stimulus, and the bust that follows. You might find it interesting to read the Mises economics blog, at http://blog.mises.org/, or Peter Schiff’s commentary at http://www.europac.net/. Ludwig Von Mises, for which the institution is named, was scorned throughout his life by the establishment and by academia for refusing to compromise in his quest for the truth or in his values.
Kevin@InvestItWisely´s last [type] ..Canada Day Weekend Reading- The Economy

]]> By: joeplemon http://personalfinancebythebook.com/why-don%e2%80%99t-the-economic-experts-tell-us-the-truth/comment-page-1/#comment-2760 joeplemon Mon, 05 Jul 2010 16:05:36 +0000 http://personalfinancebythebook.com/?p=2552#comment-2760 Arthur, I don't think we should automatically trust anyone or any institution. This is not about being paranoid, but simply insisting that others earn our trust by proving themselves to be trustworthy. I don't think anyone should trust me (or my blog) unless I can earn that trust. This being said, I don't blame you for not completely trusting banks or wall street or politicians. I agree with you. Make them earn it. Arthur,
I don’t think we should automatically trust anyone or any institution. This is not about being paranoid, but simply insisting that others earn our trust by proving themselves to be trustworthy. I don’t think anyone should trust me (or my blog) unless I can earn that trust.

This being said, I don’t blame you for not completely trusting banks or wall street or politicians. I agree with you. Make them earn it.

]]>