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Book Review of: The Haiku Economist
Economic principles, economically expressed
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The Haiku Economist, by Author (Softcover, 2012)|
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This may be one of the most important books you'll ever read. Why? Because, generally, people do not understand economics. And yet, our lives are deeply intertwined with it.
At 6 x 6 inches in printed form and going about 140 pages (with blanks between some chapters), the Haiku Economist is physically lightweight in printed form. Several of my graduate economics texts could give you a hernia if you aren't careful when picking them up. There's also a huge difference in cost between one of those books and this one; an economics text can easily cost ten times as much as this little book.
But this book is a heavyweight in terms of actually providing understanding. A studious reading of this book over a weekend will educate the reader far more on actual economics than a couple of semesters of confusing, difficult study of "economics" at the typical university. The reason is basically that those university courses spew (at the student) many theories that violate basic math. The reason those theories are hard for most people to understand is they elicit cognitive dissonance. Somewhere in the mind of the student is a constant "this does not compute" message.
That is not to say those courses are worthless or all formal economics study is a waste of time. What I'm saying is they give you the chaff with the wheat (plus throw in ample helpings of horse droppings) and treat it all as equally valid. But do the math, and you quickly see there's "no there there" in much of what's taught. It's exhaustive mental effort to dig out the good stuff. And this book does that digging for you.
It's the horse dropping stuff on which public policy is usually made. The kleptocrats then point to "economics" to divert attention away from the massive stealing they've been doing. Unfortunately, the average wage slave does not see the subterfuge. Any person suffering from such blindness will be cured by simply reading this book.
The very fact that many people would utter a non-sequitor such as "Keynesian economics" should be a huge red flag to anyone who has reached a second grader's understanding of math. Yet policy makers and other people utter this all the time. Perhaps a reason is the constant stream of disinformation and outright lies that flood academia and public discourse when it comes to economics.
Consider one aspect of economics: inflation. Do you know what inflation is? Most people do not. They think they do, but their idea is flatly wrong. If you understand what inflation actually is, what its pernicious effects are, and who causes it, you can begin to see the larger picture. Yes, that's right--inflation is caused by a "who." It is a consequence of deliberate decisions made by very few people. It's an inflating of the money supply, something hinted at by the very word inflation.
And that inflating can be done only by counterfeiting money. During World War II, the Nazis were working on a huge counterfeiting scheme to bring down the British and American economies. That's what inflation does to economies; it's one reason why we're in a Depression now.
In the USA, the main source of counterfeiting is the nonFederal nonReserve (it's not federal and it doesn't reserve anything). Prior to the existence of the nonFederal nonReserve, there was no long-term inflation in the USA. But since that illegal organization was established, the dollar has lost something like 97% of its value. Not lost, really; that value has been stolen. This inflation is a wealth transfer scheme from the poor and everyone else to the ultra-wealthy.
But if you've been duped into accepting the common definition of inflation, which, by the way, is a fairly recent invention by politicians, you are effectively disenfranchised. They maintain the fiction that inflation is what you call price increases. No, price increases are called "price increases." Inflation is just one factor in determining price. The prices of some things have actually decreased during ten-year periods when inflation has decreased the value of a dollar by 50%. The effects of inflation are far more damaging than mere price increases. But most people don't understand this.
The understanding of inflation is one of several understandings that are requisite for being an adequately informed citizen (adequate if you do such things as vote in "elections"). Nearly all the other requisites are economic in nature, as well. And typically, a US citizen does not understand any of them. That is exactly why the fraud continues and why the majority of Americans are barely making ends meet.
One solution to this lack of understanding is an easy to read a book that can teach people the basic principles of economics and thus empower them. The Haiku Economist is such a book. Dr. Cox gives you the gist of inflation in about less than 1/10th of the space I used above. He's similarly effective on a host of other important concepts of economics.
So it is with pleasure that I comment upon this great little book and recommend it to anyone who depends upon money for such things as paying the mortgage (or rent), buying food, or preparing for the future.
The subject of economics is one I have studied since the 1970s (including at the graduate level). I don't see it as a discipline in the sense that engineering is a discipline; that is, much of what passes for "theory" in economics is "horse hockey" rather than actual knowledge.
As noted earlier, the academics are hard to sift through. You have to step outside the academics and look at the math. At least, that is how I see it. And does not this make sense, since economics presumes to explain how money works and money is really all about math? Note that economics is really about the allocation of limited resources. Money is just one way to measure resources. The point is, you can't discuss economics if you must adopt mathematical impossibilities to do so.
Thus when I review a book on economics I am usually looking for violations of basic mathematical principles. Just taking Keynes "economics" as an example, it's based on ideas that require addition and subtraction to be mathematically the same (when in fact they are the opposite). Many other fairy tales posing as economic theory have been paraded before academia and the public, as well.
Sadly, people accept these things as true and thus fail to see what's really going on because the lies explain away the damage. When people accept the mathematically impossible as somehow being reality, it tends to end badly for all but those doing the stealing.
Upon reading The Haiku Economist you will understand actual economics, because:
Thank you, Dr. Cox, for producing a work that can end deception and empower the people. Since stealing is the reason the kleptocracy is in power (and has been in power for over 150 years), exposing the massive fraud by educating people on how an economy actually works is probably our best shot at restoring law and order in what presently poses as a federal "government."
What pretends to be a government doesn't actually govern and is not itself governed by the laws under which it is supposed to be governed (namely, the Constitution, see Article 1, Section 8 and the 10th Amendment). It's mostly a tool of organized crime. If you understand economics, you will see why this is so. Get this book, and get the understanding.