Barriers to Understanding

Philosophy and History of Science 

One barrier is the lack of knowledge of economists and people in general about the history of science and how science develops. It may surprise people that few professional economists know much about physics or its history. It is outside their field of training.

Few people understand what physics paradigms are. So they can’t understand the idea that paradigm shifts in physics happen about every 80 years. Few people understand the general philosophy of science underlying this assumption. Relatively few people have even read The Structure of Scientific Revolutions by Thomas Kuhn. This work is partly based on that.

Since no well known philosopher of science has ever written about 80 year intervals between physics revolutions, it takes a good knowledge about the history of physics to understand this theory. 

The Cold Fusion Field

Another barrier is the lack of general knowledge about the field of cold fusion and other generally not accepted physics work and about the discovered anomalies. Professional economists know little current research in the field of physics or about cold fusion and plasmoids.

Cold fusion/plasmoid researchers don’t care much about or understand economics theory either. So in general, few people can appreciate this theory. This field was widely labeled a hoax about 28 years ago by some media spokespeople, some physicists, and some government officials.

Plasmoids and cold fusion phenomena are not new. They’ve always been around, but the development of good quantum mechanics-based electronics equipment is enabling people to detect them and study them more thoroughly. However, few people even know they exist. 

If you want to learn more about the field, read my book and my papers. Some are on the LENR-CANR Library. My book is available on my site:

Evidence for this Theory To Think About

This theory is 30 years old, and based on the prior timing, I predicted 30 years ago in 1989 that technological acceleration would start about the year 2000 (it started in 1998 or 1999) and that a financial crash like the 1929 crash would happen in 2009 or so (it happened in 2008). See my old articles and information I put online more than 20 years ago.

This economics model predicts a long depression period lasting into the 2020s. I think the theory is right, but more than a trillion US dollars that has been added to the US debt each year kept the US (and the world) afloat temporarily. Tens of trillions of dollars in bank lending, derivatives, and money creation since 2008 temporarily kept the stock markets inflated. I think many of the world economies will feel the effects of the deep recession/depression soon though the US and some other countries might profit from this due to recent changes in the world. This is unavoidable for most countries simply as a result of their debt creation and the nature of development of industry now that is primarily driven by process innovation, automation, robotization of production, and shifting away from the use of human labor for manufacturing and service work. 

Economics and the Economy Now (2019)

The real unemployment rate in the leading industrialized areas of the world reached high levels in the early years of the 2010s. During Trump’s tenure, the US is experiencing an economic boom now. Leading media spokespeople kept saying that the recession is over and never call this decade a depressionary era, but the evidence points to that this would have been a severe depressionary period were it not for the unprecedented astounding debt creation and hundreds of billions given out to the public and companies and banks and etc.

Economists in general don’t understand the economic situation. There isn’t a generally accepted theory of economic depressions. I started to writing about a 1929 style financial crash happening around 2009 in 1990. In 2007, few people wrote that a financial crisis that could cause a depression was going to happen. I tried to warn people by publishing articles and Letters to the Editor in magazines and journals, but the only magazine that published it was Infinite Energy who published it right before the crash happened in the fall of 2008. (Economic Depression or Deep Recession Likely SoonInfinite Energy Magazine, Issue 79, p. 7, May, 2008.)

Among professional economists, the “long-wave” or Kondratiev cycle isn’t accepted. They have a general belief that technological change, unemployment, and depressions/recessions don’t really have much to do with scientific advancement. They don’t accept that depressions/recessions, the waves of productivity growth, and industrial revolutions are directly due to physics paradigm shifts.

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