History!
The wise guys tell us that we study history so we don't repeat the mistakes of the past.
The really wise guys will tell you that most history is really fiction.
Now I know that Willie Mays had a career batting average of 302 and Mickey Mantle had 299 batting average. Now what kind of mistake will we not repeat by knowing those statistic.
Now I'm assuming that 99 percent of those who study world history will tell you that the free printing of the German Mark during the Wiemar Republic caused the greatest inflation known to man. The truth of the mater was the other way around because the German government couldn't buy anything because they owed the rest of the world respiration for World War I. They had no real money and had to print money to pay for the inflated prices of goods and services. The reason I'm bring this up because we think we know history i stating that Europe is going to have high inflation along with high unemployment, the reason is they believed the fiction that is mistaken for history.
We in the United States can't be to smug at the Europeans we believe in fiction for history too.
Lets take the economic history that Paul Volcker stop inflation and ended high unemployment because of his stubbornest.
We seem to forget that the Iran, Iraq War was going on, forcing those two forces to flood the market with oil. We also secretly were selling arms to both sides. These arms were made in the good old US of A.
( I do believe that we are an oil society and the best thing we can do is get oil from a stone).
My other problem with history is some of the fools who teach it. I don't know about other countries but in this country we have people like Newt Gingrich who either doesn't know much about our history or knows about but twists it for his own twisted purposes. Every times I hear him speak I keep telling myself I didn't learn it that way.
Every time I decide to torture myself and put on Fox news, I hear there commentators talk about history that is more like Grimms fairy tales then history. The only thing I have to say about this predicament is that the word education system is failing the world.
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Saturday, May 22, 2010
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