COMMENT: Marty, I just had to write to express my gratitude. What I have learned just from the November WEC, my first attendance, has been more than my MBA. Erwin’s training session, your blog posts, and Socrates even got the change in unemployment this month that nobody picked up. It is like I was blind, but now I can see all the interconnections and the fallacy of random walk theory. I know you do not want a Nobel Prize. Yet, who will change the world? One day, they will open their eyes to cyclical trends. I have to say, once I looked, I now cannot see the world any other way.
I hope the movies they are making about your career become the spark to change society.
Thank you so much. I truly mean that.
LM
REPLY: Yes, once you see that there is a cycle, economics will change from trying to manipulate society to perhaps following the Biblical Story of Joseph, warning the Pharaoh that there will be 7 years of plenty, so save, and then 7 years of drought. Live with the cycle, understand it, and survive. We stop the insanity of Keynesian Economics, Climate Change that denies there is a cycle, and even war, which never comes when everyone is fat and happy.
Nothing exists without a cycle. Even our brain has a cycle to it. When there is no more brain waves, we are dead.
