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Examples
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And there is fakeonomics, which is dogmatically pro-free trade, proactively ignorant of the counterarguments, and determined to stick its head in the sand.
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Like it or not, fakeonomics is mistaken for real thinking by a disturbingly large number of people with top MBAs, graduate degrees in serious fields, congressional staffers, et cetera.
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So whatever sophisticated version of real economics someone like ex-Harvard professor Larry Summers may have tucked away in his head somewhere, when he acts as economic adviser to President Obama, fakeonomics is what he dishes out.
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One can, of course, gin up rationalizations bridging the gap between real economics and fakeonomics on any given issue at will.
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The really scary thing about fakeonomics is that it is not just a vulgar version of economics, served up to amuse the audience of Bill O'Reilly's TV show.
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Unfortunately, fakeonomics is at best a crude parody of economics.
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Perhaps it's just laziness on their part, but people who should be taking their bearings from more serious sources -- people whose careers depend upon the idea that they have genuine expertise -- are drawing their ideas from fakeonomics.
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That is to say, if one looks at American trade policy and asks what picture of the economy one would have to hold in order to believe that these policies make sense, fakeonomics is that picture.
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There is even a whole class of people, known as "libertarians" who elevate fakeonomics to the level of an all-encompassing moral ideology.
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I find a mischievous substitute for economics we can call "fakeonomics."
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