“The Semmelweis reflex or “Semmelweis effect” is a metaphor for the reflex-like rejection of new knowledge because it contradicts entrenched norms, beliefs or paradigms. It refers to Ignaz Semmelweis, who discovered that childbed fever mortality rates could be reduced ten-fold if doctors would wash their hands (we would now say disinfect) with a chlorine solution. His hand-washing suggestions were rejected by his contemporaries.” Wikipedia

I hope you’ll find this blog a helpful alternative to popular faith, which so often is at odds with evidence.

This blog proposes new thinking about an old subject. We all have been exposed to classic beliefs about federal debt and deficits, inflation, recession, money, gold, etc.

But those who teach these beliefs have led us to nine recessions in just 50 years, and now they tell us recessions are an unavoidable and inevitable part of the business cycle.

Thoughtful people ask, “Why?”

To know what I believe, go to “To understand economics . . . “.

Rodger Malcolm Mitchell
http://www.rodgermitchell.com