I ran across this article in the Los Angeles Times, to which I responded (in another forum) by saying that these Geocentric believers should try to calculate a workable trajectory for a space probe, that would get it to a target beyond Lunar orbit - like Mars, for example. I say "beyond Lunar orbit" because the Moon (and anything closer) really does revolve around the Earth. But Geocentric-based calculations don't work for trajectories beyond Lunar orbit because, as has been proved beyond any doubt, the Earth orbits the Sun.
This illustrates something important about economics; If we base our decisions on the economic equivalent of a Geocentric model, our efforts to succeed and prosper will be restricted to the economic equivalent of Lunar orbit. Just like Galileo's discoveries made almost no difference to the lives of ordinary people five hundred years ago, the fact that contemporary economic theory will only get you so far and no further probably won't make any difference to the vast majority of ordinary people today. They're not aiming that high anyway. But this does go some way to explaining why a small cadre of people in society are vastly more successful than the majority. They are basing their financial strategy on a different and, judging by their level of success, more accurate model of how the economy really works.
However, if your goal is to preserve the wealth you have already accumulated, then understanding how the economy really works (as compared to how you've been taught it works), may mean the difference between a relatively civilised and comfortable life or one that is, as Thomas Hobbes put it - poor, nasty, brutish and short. And, that's the goal of this blog - to examine alternative ideas and theorys on economics with the objective of discovering how things really work. What you do with the information discovered is up to you.
I wouldn't like to be aboard a space probe to Mars, flying a trajectory calculated using the Geocentric model of the Solar System. Unfortunately, we're all riding an economic space probe that's now going visibly off course, while the crew are stubbornly insisting that their trajectory calculations are correct and that the Universe is being perverse for refusing to match their theory. The problem is that their calculations are based on a demonstrably incorrect economic theory. I have no desire to emulate the Robinsons, but I think a quote from the Robot is appropriate; "Warning! Danger, Will Robinson!"
