Perhaps, but it was Mig who renamed this thread Self-Censorship implying that he didn't really say what he wanted to say. Sometimes you have to prepare the ground and establish a reputation within existing paradigms, as you seem to suggest.  however if it is revolutionary to point our that surplus generating countries can only continue to generate surpluses if other countries generate larger and larger deficits and that at some point this system has to become unstable - then the present economic consensus has reached a height of stupidity difficult to fathom - if I may completely mix my metaphors.

Thomas Kuhn, in The Structure of Scientific Revolutions, pointed out that scientific or knowledge progress is rarely a smooth progression, is often characterised by abrupt discontinuities, and is generally led by outsiders to the existing thought establishment. Einstein notoriously ghardly pssed his school exam never mind worked his way of the academic hierarchy. I suggest the time is right for a completely new approach to economics, one based on entirely different assumptions, and one leading to better real world outcomes.  The contradictions of Austrian economics are just too glaring for that paradigm to survive.  We need a new real world approach to economics - one starting with assumptions about human rights rather than human "rationality" or greed, and one rooted in the ecosystem of the world we actually inhabit.

I suggest there are some on ET with the intellectual capabilities to help lead such a revolution.  Am I being too optimistic?

Index of Frank's Diaries