The Power of Money

Explain to me this.

Economists and modern economic theory have crashed the figurative Titanic. So why are we expecting them to fix it? I’m pretty sure they didn’t mean to crash it in the first place, so they apparently don’t know as much as I do about why it crashed.

What I know, and any farmer or rancher knows, is that nothing can grow forever. Even Jack’s beanstalk stopped growing when it got to the castle, and that was magic. Modern economists can not do magic. Modern economic theory, according to the one course that I took, is firmly grounded in the shifting sand of non-sustainable growth. Money is not magic; nothing on this earth can grow forever.

Ask Madoff.  Or Stanford.

So why are we surprised when it doesn’t?