As every year in spring, together with the swallows, the economics festival in which the allegorical floats of updated “scientific” economic theories parade, with which all the elements of knowledge are explained and a virtuous way of spending public money for the next 50 years is proposed, so as to guarantee the common good.
A whirlwind of recipes and plans multi-year where there is a competition to see who can tell the biggest lie, arguing on the basis of economic theories that invariably reward those who spend the most, thanks to statist architectures that promise to calculate and solve practically everything. This year the themes in the spotlight are little things from nothing such as “creating a new world order” or “how to address the challenge of climate change.”
Economy festivals save the world with foolproof recipes which can also yield a award Nobelin addition to becoming the reference for politics on how to direct public financial resources in the most disparate directions. A race to spend, and in order to spend other people’s money, anything and the opposite of everything is fine.
Speaking of Nobel, he wrote Sergio Ricossa in his formidable “imaginary diary”, set in the year 2450, entitled Damned Economists – The Idiocies of a Nonexistent Science (Rizzoli – 1996): “Sooner or later, all, or almost all, economists capable of writing in English, got it. Economics is the only subject in which both the supporter of a thesis and the supporter of the opposing thesis were rewarded. (…) Vassilij Leontief, inventor of the “input-output tables”, as cumbersome as they were superfluous, boasted of being the economist who made governments spend the most. He was awarded the Nobel Prize in 1973”.
Continuing to listen tothe so-called great economists from easy spending, we have seen debt, public spending, the tax burden and the creative finance of bonuses and perks get out of control. And yet we have had some serious economists to listen to. As Luigi Einaudifor example, always revered and never applied, who appropriately titled his last book “Useless Sermons”.
But in our schools, universities and our economics festivals all this is ignored and hidden. Instead, the “perfectionist” economists parade, always the same ones and always with the same statist recipes that lead us towards a “perfect” world.
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