173. A Deductive Economy Will Not Work In Any Nation
Inductive reasoning is the opposite of deductive reasoning and is not generally accepted in science. While deduction begins with the general and ends with the specific, induction takes an idea from the specific to the general. Induction thus goes against the principles of the scientific method but allows me to conduct research on God.
Thomas Dilorenzo, professor of economics at Loyola University, is a senior member of the Mises Institute. He wrote an article on 'The Founding Fathers of Participatory Fascism.' (click) Recently, he spoke of 'Participatiory Fascism: Hamilton, Clay, Lincoln and the Cause of Economic Nationalism.' He said that this national system was cemented into place during the American “Civil War,” and was the ultimate victory of a political movement that was led at first by Alexander Hamilton, and then by Henry Clay, and then Lincoln.
Essentially, the deductive economy of Mises is based on atheism, physical science, an inactive God, a universe that ends, and a belief that God has a heaven. It is also based on people, who push for States Rights.
The Mises Institute is now outdated because I have found an active Go, who created the universe; gives us a new life after death; and never ends the universe. So, I am searching for inductive economes.