Have you ever watched cars in motion and thought the wheel spokes were rotating backwards? It’s the stroboscopic effect that occurs when we sample reality at an inappropriate frequency, making the unreal appear absolutely real. Similarly, an illusion of self motion can make us feel like we are moving when we are not, and not moving when we are.
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Most economists sort and sample data to produce explanations and sometimes projections. Unless they adhere to the Austrian school, many of these economists suffer academic stroboscopism. For example, 40 years of Japanese stagflation is well-studied in the United States. Yet, Harvard economists assessed in 2010 that, among other things, Japan’s experience is not much of a warning, but rather a guide for Keynesians and MMT’ers. Their assessment in 2010 included this statement:
Read Full Article: https://www.lewrockwell.com/2026/09/karen-kwiatkowski/the-state-spins-a-new-idea-for-recruiting-in-an-age-of-war/
