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Siameseparrot, Who would be the pundit with a minimum of...

  1. 5,236 Posts.
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    Siameseparrot,

    Who would be the  pundit with a minimum of credentials to append  his name to such sharade?  I would say none.

    For a start there is an obvious comfusion between monetarism and Keynesianism. Then you don't need to be Einstein to realise the  falacious nature of the rgument. From the fact that oil prices have collaped the author immediately infers that "economies globally, including and especially the U.S. economy, are in a state of collapse."  It is what it is called a fallacy of defective induction.

    https://en.wikipedia.org/wiki/1980s_oil_glut

    https://en.wikipedia.org/wiki/Faulty_generalization
 
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