The equilibrium theory of economics is wrong, it is incomplete, and it does not reflect reality. It is too simple to account for the working of the real economy. Disequilibrium theory, that is non-linear analysis, on the other hand, can account for the vagaries of the real world. I suggest Mr. Blumen should study this aspect of economics, before ridiculing the work of others.
My last article, Golden Foot in the Door, suggested that if Gold coins and Gold bonds are in circulation, we are but one step away from Economic Nirvana; the Unadulterated Gold Standard as the foundation of the world economy. Of course, the first two steps are not guaranteed; but if the new Gold Swiss Franc is adopted, and Gold Bonds are issued based on Sovereign Gold income, the third step to Nirvana is in reach.