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Why the Federal Government Hired a Non-Keynesian Psychic: Greater Accuracy.

Written by Gary North on April 12, 2012

Two years ago, the Government Services Administration sent 300 of its employees on a junket to Las Vegas. It cost over $800,000.This has created a scandal.

The real scandal is an annual federal budget of $3.8 trillion. But this is ho-hum news.

Voters can understand $800,000. They understand junkets for bureaucrats. So, this story gets coverage.

So does this one. As part of the festivities, a “mentalist” was hired to entertain the crowd. For those who believe in mind-reading, he is a psychic. For those who think it’s a sham, he is a fake. For those who think it’s good, clean fun, he is a mentalist. For those who think Keynesianism is a conceptual fraud, he is a better-than-average forecaster.

The Washington Post has reported on his performance.

At the start of his mind-reading act, Bob Garner asked a federal employee for the name of his dead dog. He asked someone else to recall a person close to them who had passed away. Then he shared some of the messages the deceased sent from the other side.

I presume that he did not have a message from the dog. But I don’t know for sure. I was not there.

Garner also tied a black blindfold around his eyes and asked the audience to pull out four items from their purses and pockets.

Each time, the self-described mentalist and “motivational speaker with a ‘WOW’ factor” was able to divine the truth.

The difference between him and a Keynesian economist is that he did not immediately call on the government to borrow money based on the market value of whatever was in the purses and pockets.

There are mentalists. There are fundamentalists. And then there are Keynesian forecasters. Here is one of them. See what you think.

When it comes to entertainment, I have had more fun with Keynesians than mentalists. That’s because mentalists have better track records.

Continue Reading on www.washingtonpost.com

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4 thoughts on “Why the Federal Government Hired a Non-Keynesian Psychic: Greater Accuracy.

  1. Goldendragon2012 says:

    Was he wrong, or did he lie?

  2. keynesian economics is to austrian economics as metaphysics is to physics. kjc.

  3. I believe it is time to have obama's czars investigated by Ways and Means authorities to find out how they are paid and if paid by the W.H. it could begin their unraveling . It could take the legs out from under his administration IE: obamanations or it would put a road block on some of their funds. They might find out more then they would like to. Call Darryl Issa or anyone that will listen. In God's name, Do what is good for our nation.

  4. Bill McCroskey says:

    This junket to Vegas once again proves WITHOUT a doubt … we don't have a revenue problem in this country …we have a MASSIVE wasteful spending problem. Cut EVERY Federal department & program by 15% and nothing of note would change other than screaming and hand ringing from the PIGS at the teat.