Unfortunately, the state of global economics has become quite a bit more complex than it was in the time of Cantillon/Smith... Despite what you might read on Zerohedge.
That's funny, the other day I was trying to put a face to chodpaba and Zerohedge showed up.
I'd agree things are a more complicated, but fortunately we can distill principals down to simple laws and if we can be objective we can build on the fundamental facts. While there is a lot to learn from the Monetarists, Chicago group, I, (if not we) now know centrally managed monetary inflation causes poverty not prosperity. (So it is ok to go back the 1700 century to build on the ideas that have stood the test of time.) Don't confuse the complexity with noise, It takes a genius to distill it and make it simple.
it's so easy to just lay off pricing mechanisms, like STOPPP
