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There were so many times in our macro theory courses when we would ask each other "Is this really what they're doing?"
It's such a vacuous field of study, just dressed up in fancy mathematics to keep people from seeing through it.
Micro stuff was nearly banned in my times. Keynes was (still is) the god of these central planners
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Nowaday's they pretend their Keynesian nonsense is based in micro theory (micro-founded macro). Of course, they don't acknowledge any of the Social Choice Theory that proves the impossibility of aggregating preferences in any meaningful way.
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They dont want to open their eyes to their own failures.
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People seldom question their beliefs, when their paychecks depend on those beliefs.
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You are right. When you are chained to your weekly paycheck, you have to sit when they tell you.
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I had micro and macro economics in college. I thought it was pretty useless. Just a bunch of fancy words people dont even need to learn.
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Its a lot of circles they run in. They keep making the same mistakes over and over again.
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