Critics... Critics Everywhere

Sometimes people don't like it when you challenge what they've been told their entire lives... That's interesting... because I was told the exact same things they were told.

Dear Fellow Expat:

This week, I received a pretty interesting letter from a non-reader critiquing a piece of content I’d written about six months ago.

“You don’t seem to understand how the monetary system works…” it leads.

Oh… do go on… with an introduction like that.

What followed was a near regurgitation of the core parts of several financial, monetary policy, and economic courses I'd taken over the last 16 years.

Apparently, I didn’t understand what I’d read—even though everything I’ve read and learned I’ve largely questioned. That’s what I thought the purpose of science was…

Turns out… there’s a lot of gospel in finance and economics.

And you’re not allowed to challenge the experts…

So I received a full-throated dissertation on how Open Market Operations work… why the M2 is the single most important measurement in all of finance (even though Alan Greenspan stopped paying attention to it in the early 1990s), and that whatever I’d written appeared to be an affront to all that is holy ab…