SOS Who is right?

In the long run everyone is right. Even a dead clock is right twice a day.

Why does the economists has so much contrary views? Aren't they studying the same books? Aren't they applying the same principles?

From what we watch and read in the news and media, apparently not. In fact, everyone has his or her own view. Different story for different picture. It depends which perspective you look at. But one interesting one is, few study socialnomics, which studies the change is social moods that determine the trends.

So which schools would you follow?

It would be such a waste of time if a student choose the wrong schools and put in thousand of hours studying the same wrong stuff. If the stuff they are studying is right, how come majorities misread the economy in 2008? Do we think the same economists read it correctly these time in 2009? Simply logic and common will tell us, don't believe the same majorities that got it wrong in the first place.

So, how do we get the right stuff? Research, think independently, use logic and common sense.