"To defend the truth, to articulate it with humility and conviction, and to bear witness to it in life are therefore exacting and indispensable forms of charity."

H. H. Benedict XVI. Caritas in Veritate Encyclical. June 29, 2009

Sunday, November 18, 2012

Alchemy economics

Chartism (euphemistically, technical "analysis") is alchemy economics in three senses:
1) it pursues golden correct price forecasts,
2) it ultimately doesn't achieve it,
3) it eventually brings closer the understanding of true economic science.

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