Science, economics, and philosophy may seem difficult, complicated, but we gotta stay with it

Below-copied by ap first published at comments, http://aphilosopher.wordpress.com/2014/01/29/picking-between-experts/#comment-32898

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Do Economics and Philosophy "Work"?--Of Course They Do, Ho Ho Ho

(Apollonian, 29 Jan 14)

Economics isn't entirely all voodoo, though one easily gets lost in complexities, and one must be careful to be clear for beginning principles--that's why I like the Austrian school (Mises.org).  Ludwig von Mises was careful to beginning w. limited, clearly understood premises.  As Mises understood it (see his "Human Action"), economics is properly understood as essentially an a priori science, not subject to empirical-type experimentation.

One must remember and note economics is a subject-matter wherein one strives to understanding, for one thing, what wealth is and how it's made.  So criminal enterprises and scams like the US Federal Reserve Bank (Fed) COUNTERFEITING (literally) has an economic foundation and condition necessarily attached which people MUST understand simply to protecting themselves.  Whether the Fed is a fraud or not is NOT "voodoo."

Philosophy is the art and method of placing things in perspective, seeing items within sub-sets, the sets, and the larger sets, etc.  Philosophy seeks to grasp all of reality, by definition, and as this easily gets complex, one easily can get lost.  Ayn Rand, for example, rightly observed that the ones who best understand philosophy are the mystics and anti-rationalists who deliberately work to make it in-comprehensible to most folks, using it against people.

Thus one comes to Keynesianism--does it work?--ho ho ho--sure, for the criminals who successfully impose it upon the masses of poor suckers.  Keynesianism (or more accurately, neo-Keynesianism) sure works for Paul Krugman who spouts it and makes good money at it, evidently--he actually got a Nobel Prize.  Of course, so did Obongo.

Does Keynesianism present accurate picture and understanding of actual economics?--no, but it wasn't designed for that--it was designed to con people, and it was/is brilliant for that purpose--so far, ho ho ho ho.  Time may well come--and soon--when we see Keynesians strung-up on the lamp-posts, ho ho ho ho.