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armstrongeconomics.com / by Martin Armstrong / February 16, 2015
There are always going to be people who reject our models. Some professor coming out claiming there are no cycles is typical. Light to him is also a straight line because he cannot see the wave nor does sound travel in waves for he does not hear the oscillations.That is the way it is with anything different. They will just dismiss it or criticize timing analysis and the business cycle because they do not WANT to change. These sort of people believe that the government has a role and can manipulate society be it by lies and deceit or outright laws and punitive action – the big stick.
It is like those that insist gold would be $30,000 but for systemic manipulation to keep it down. The very assumption that something can be systemically manipulated implies everything can be and that is precisely what Karl Marx argued and Communism sought to create. Every economist ever since has assumed Marx was correct and government functions with that goal in mind.
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