[josephlord]

Hmmm, a very political comment...

Firstly confusing Economics with a science rather than pseudo-science (or at least very bad science in that in most cases the assumptions required for the mathematical models are unrealistic and instantly forgotten), then stating as a fact some simple controversial (among economists too) statements which if true at all have a great deal more subtlety behind them and a number of which I believe to be flat out wrong.

I think trying to tackle the points would go way off topic but in my view the parent post gives a good example of some naive beliefs (although economics is insufficiently scientific to be able to prove them inconsistent with reality).

Edit: Changed 'post' to 'comment' and 'unrealistically' to 'unrealistic'.