[Jewelry making - Article 00023] - Re: [Orchid] Handmade vs mass-produced

[Noël]

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>       Problems arise when corporate heads do not listen to those who
>     know, thus making decisions dangerous both to their companies and
>     the economy in general. 

    I don't quarrel with this statement, but the question always is, who
    knows what's going on with the economy? And the answer appears to be,
    nobody. If weather forecasters had no better track record than
    economists, nobody would bother to watch. I became convinced of this
    a few years ago, listening to NPR. They had three of the US's most
    respected economists on, discussing Reagan's economic policies,
    successes and failures. A few years after the fact, even these three
    guys could not agree on whether people were helped or harmed, even
    when they narrowed it to one group or another. In other words, in an
    era of total documentation and availability of information, the
    ostensible experts could not reach a consensus on what had *already
    happened*. Why would anyone put faith in their notions of what *will*
    happen? This seems a cynical view, but that was a real eye-opener for
    me. Apparently, my guess or your guess is as good and as worthless as
    Alan Greenspan's, except that he gets to manipulate the money supply.
    I think the danger arises from thinking anybody understands
    real-world economics. It is just too complex a system for us, so far.
    Just my personal rant, of course. 

--Noël


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