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Macro-economics is nothing, but Zen economics  

2013-09-25 11:50:07|  分类: The Truths |  标签: |举报 |字号 订阅

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All Chinese understand the meaning of "A wooden fish (made of wood) is not a fish (木鱼不是鱼). Therefore, Zen Buddhism is definitely NOT Buddhism.

However, most Chinese by their stupidity denied this fact. Or rather, they choose to show off their wisdom or knowledge in philosophy picked up from these so-called Zen masters. With that piggy-backing approach forming a main stream way of showing off one’s intellectual ability, most lesser-read Chinese fell into the same bottomless trap and got hitched onto the same mesmerizing intellectual play of words and philosophical phrases of these so-called Zen masters.

Note. I wrote "Zen masters" without the word Buddhism in-between. Yet, most Chinese and Japanese do not realize that since the illiterate monk Hui Neng[[1]] (慧能) created (to be more accurate, constructed) a new lineage of Zen philosophy, all the Chinese and Japanese (to a far less extend, the Koreans) people are caught in this mesmerizing witty or crafty play of words or phrases that represent more of their personal philosophical views that ANYTHING. And definitely, all these works of Zen masters do not fit in to be parked under Buddhism. The ONLY explanation why they were somehow for convenient sake, classified or given a name “Zen Buddhism” was these Zen masters[[2]] happened to be monks (having too much free time on hand). However, being robed as a monk does not mean they are truly Buddhist monks in thoughts because their works do not follow the traditional teachings of Lord Buddha at all.  

If you are still mesmerized in the works of the Zen masters, let me suggest to you to board a new train to look at the 21st century Zen masters of macro-economy. To me, all macro-economic theories are bullshits from two clear perspectives. One, all macroeconomic theories failed miserable from the point of view of traditional economic theories, henceforth, these Zen economists coined a new word, micro-economic to safely parked all the past economic theories as obsolete or forgone theories that are not of much use in today's era from the late 20th to 21st century. Two, these so-called Zen professors of modern macro-economic theories all of them had misused statistics to prove their economic theories. I am statistician by training, and hence, I can spot their weaknesses in their judgment or conclusion, immediately. Econometrics the principle so-called scientific approach that applies mathematical tools like statistical inference in Economics to prove a hypothesis that is totally devoid of the fundamental economic theory (or micro-economic theories. This is exactly what the Zen economists wanted to do with the creation of these two new words by adding ‘micro’ and ‘macro’ in-front of the word, economics and thus, effectively put all micro-economic theories as obsolete and well, pretty outdated to be of any good use.).

Is the former Us Federal reserve chairman, Alan Greenspan an aviation engineer who assists the pilot? When the airplane was about to crash in July year 2006, what did he announce to the world? Like in the movies, “Madagascar”, the pilot announced clearly, “Here are two pieces of news. The good news is we are landing. The bad news is we are crash landing.”

Poor Ben Bernanke who replaced Alan Greenspan as the chairman of the US Federal Reserve chairman, threw away all kinds of macro-economic theories and pull the level called, Quantitative Easing or QE” and forced the airplane to take a steep upward surge. This drastic action saved the world economy from crash landing. With the help of President Obama, he convinced the Chinese leaders to follow up with their effort to save the world economy by pumping a lot more money into their own economy mainly in the form of building development (mainly residential housing) and the result was an immediate spiraling inflation in the property prices in the range of more than 20% a year for most of the 800+ cities. Come late 2011, the Chinese government realized they are fooled by Ben Bernanke and sadly, the Central Bank of China abruptly threw in several measures to cool the property price spiral. Today, the banks in China are pretty hollow and saddled with mortgage loans that they do not know what to do with should the property bubble burst like what Tokyo did way back in 1989.

In yester-years, the entire class or pool of so-called super-smart (MBA holders) Financial or Investment analysts were mesmerized by the so-called “Greenspan talk” are poor aviation engineer or second pilots who do not understand the fundamental physics of how an aero-plane fly?

Summing all, Alan Greenspan or the entire pool of investment analysts are all mere followers of Zen economics who just want to fish the best yield out of milky/troubled waters. They choose to ignore the fact the however far the range of the newest airplane can go on a full tank, it has to touch down to re-fueling. Since Alan Greenspan became the chairman of the US Federal Reserve board from 1987 to 2006, I had not heard of the Zen economists talked about business cycle. All I could mustered was these Zen economists had a better idea to stop the airplane from the need to land for refueling by a new technique called, mid-air refueling or in economic terms, monetary expansions which culminated to its hilt, called, Quantitative Easing or QE.  

If you still don’t realize what Zen macro-economic theories are all about, ask yourself this question. What is the meaning of Quantitative Easing or QE? Here is the answer. QE means print more money and put them into the pockets of the bankers and let spiral inflation covers up the weaknesses of the US Federal Reserve controlled world banking system.   

Please read all 9 articles that I posted on my personal blog ericwoonct.blog.163.com under the sub-section "Economics". Then you will fully appreciate what Zen macro-economics is all about.


[1] Huineng was born into the Lu family in 638 A.D. in Xinzhou (present-day Xinxing County) in Guangdong province. His father died when he was young and his family was poor. As a consequence, Huineng had no opportunity to learn to read or write and is said to have remained illiterate his entire life. Copied from http://en.wikipedia.org/wiki/Huineng

[2] See example in appendix.


 


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