[natenthe]

"Mainstream actually educated economists are right, not people hyperventilating about money printing."

The thesis of your post is literally a fallacious argument - the argument from authority. The textbook definition.

Yes, the "experts" are always right, like the experts that ran LTCM, the hedge fund run by rocket scientists that crashed the economy (until being bailed out by the Fed) /s

I would go on with more examples of fallacious "argument from authority" logic gone wrong, but I don't have the time.

[BenoitEssiambre]

ouch burned... except that it isn't the thesis of my post, I just started it by hooking into your argument about education.

[natenthe]

I didn't make an argument about education. I made a comment referencing mass financial and economic illiteracy in America.

An economic theory is not right or wrong, good or bad, or otherwise based what the "educated, mainstream experts" believe. The history of human knowledge is essentially a history of paradigms (sometimes temporarily useful) being proven completely wrong, with some non-mainstream ideas being proven right. QE and mainstream economics, in my opinion, will turn out the same way, and end up causing the destruction of arguably the wealthiest nation in human history.

It's only a "burn" if you actually think it's a legit argument. I was just pointing out that it is not.

"One of the great commandments of science is, "Mistrust arguments from authority." ... Too many such arguments have proved too painfully wrong. Authorities must prove their contentions like everybody else." - Carl Sagan

[MrMan]

How about substitute “expertise” for authority and Sagan might not have the same sanguine sagacity