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0 sats \ 2 replies \ @Rothbardian_fanatic OP 5h \ parent \ on: What a New Math Breakthrough Means for Economics econ

Economists have long known that their models have many types of instabilities, irrespective of this theorem.

Then why do they insist on making policy recommendations and screwing up the economy rather than let it control itself through the myriad decisions made by all consumers and producers? Their models are bogus and their conclusions seem to only fit the requirements of their paymasters, the clowns in the state.

40 sats \ 1 reply \ @SimpleStacker 5h

I'll just say that the regular population tends to be more supportive of bad ideas like rent control than economists are. Just sayin'. The problems with economic policymaking run deeper than the use of economic models.

30 sats \ 0 replies \ @Rothbardian_fanatic OP 5h

I will have to agree with you! But, why is it that the general population falls for the kind of isht like rent controls and free bus rides and any other free stuff? What are the public schools and universities pumping into their heads? I guess when you start framing everything into oppressor/oppressed ideology, taking from someone else or even if it is yourself is a good idea. At least the intermediary gets to stick some to his fingers!