There are a multitude of, so called, expert economist but when it comes to economics the term “expert” can be quite misleading when almost every economist out there have all been schooled in only one model, that being the Keynesian model which, is basically predicated on the idea of government intervention in the form of a privately held central bank that must act, raising or lowering interest rates and manipulating the money supply in order to “smooth out the business cycle” as it has been purported by supporters. So much for the “free market” most politicians say they support.
On the other hand there are only a handful of economist (growing quickly with the failure of the Keynesian model) that subscribe to the Austrian school of economics which, does not believe in government intervention and does believe that the Free Market should and will deal with the business cycle in it’s own way.
There are a great deal of complicated equations and theories and many other things involved with Keynesian economic model and that is what should scare you. In my estimation, when something that, should be pretty straight forward and simple is or turned into something more complexed it usually means those promoting such complexity are trying to pull the wool over someone’s eyes.
Austrian Economics may not be flawless but it is rooted in hundreds of years of common sense ideas and practice based on the free market and non government intervention. I have never seen anything at anytime that the free market did not do a better job at than the government. Anytime the government becomes involved with anything it’s more expensive, less efficient and offers inferior products and or services, period. There’s education, medicine, agriculture and the list goes on and on. All of these things were at one time left to the free market and although it may not have been perfect it was a hundred times better than it is now.
The vast majority of politicians, if they’ve had any schooling at all in economics, unfortunately subscribe to the Keynesian model. I believe that most of them don’t even have a clue they are subscribers because they really don’t understand economics. They are more than likely just parroting some so called expert that they’ve been coached by who is Keynesian.
Anyway, I am no expert either but I do know that, when Keynes introduced his economic theories and they were accepted by our government which, then began meddling and tinkering with the economy via Fed policies, it was the beginning of the end. Everything from the introduction of the unconstitutional Federal Reserve and the fractional banking system to going off the Gold Standard and introducing our current fiat monetary system, has been a concerted effort of the power elite and or Big Banksters, to take over the free market and confiscate the world’s wealth and ultimately demolish the middle class and free enterprise.
If you really want to get an education in economics may I suggest you start here: Mises.org From the site’s search feature you might do a search for Austrian Economics and Keynsian as well.