It seems like every politician in Washington KNOWS the absolute solution to our economic problems. But how do they know? The Tea Party has Washington gridlocked because they claim to know, but is their knowledge based on anything substantial? Are their opinions backed by something other than wanting to promote Christianity and pay less taxes? How many politicians have advanced degrees in economics, government and political science?
I’m sorry, but it seems to me that all politicians are out for themselves, and their positions are based on personal desires and the special interests of the people that support them. I’d be far more impressed with the Democrats and Republicans if they each based their policies on giant economic models backed by an army of PhD researchers. Politicians have no intellectual authority behind their opinions even though they hold them so strongly. In fact, after recent events I’d be happy to replace all our political leaders in Congress with robots and referendums.
Every major university and think tank in the United States should be developing an economic model. All their economic and political PhD students, postdocs, and faculty should be researching and writing to support these models. All the models should compete, like weather models and global warming models, to see which ones best reflect actual reality. We need to get away from opinions, away from us versus them. It’s obvious that many of our leaders don’t know shit about economics.
The makers of Sim City should create Sim Economy so we can all play and study how our economy works.
We all need a better economic and political education. Maybe we have saps for leaders because we’re not smart enough to elect anything better. If we learn anything from this current political/economic crisis, it’s that we need to elect smarter politicians. Or replace them with AI robots.
JWH – 10/15/13