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7 sats \ 2 replies \ @Rothbardian_fanatic OP 22 Nov \ parent \ on: A Critique of Black Box Economics econ
Models are not always the way to understand economics. It is sometimes better to use deductive logic on these problems.
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0 sats \ 1 reply \ @Solomonsatoshi 22 Nov
Good point. Can agree 100%. Stick to logical deductive reasoning rather then placing reliance upon models where the underlying reasoning (if any) is not transparent. Trouble is there will always be a market for convenient models (dogma) which presume to give convenient solutions and remove the need for constant thought, reflection and debate.
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0 sats \ 0 replies \ @Rothbardian_fanatic OP 22 Nov
Yes, the market for such models is either the state or very closely aligned to state banks, bourses and brokerages.
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