THE SECRET ECONOMY

by Lyndon H. LaRouche, Jr.

 

April 17, 2010

 

A prefatory comment on the implications of the subject of the following report:

Fortunately, at least a relatively few leading talents among U.S. economists have understood certain essentials of “the how and why” of my uniquely successful record in economic forecasting, that since 1956-57, to the present date. Unfortunately, many other economists have not yet understood this. The root of the failures by the relatively larger number of economists, as shown by virtually all accountants, and all but a few leading economists, is that they are, essentially, worshipful victims of a widely taught delusion, known as monetarism: the worship of an imagined monetary “magic of the marketplace,” their foolish belief in money as such.

Therefore, the relevant questions include: “What is the secret? Why have most among the world’s presently leading economists, been so stubbornly incompetent, for so long, in matters pertaining to forecasting of the medium- to long-term patterns of net, physical-economic development, in both the relevant nation, and in the world at large? Why has the U.S. economy been in a trend of an actually measurable, physical-economic decline, actually, since the day after the death of President Franklin D. Roosevelt?”

MORE: http://www.larouchepac.com/node/14582

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