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That doesn't make sense. The world often doesn't. Further up the thread is the citation that the thing you insist can't happen... is happening. Might be time
by ubernostrum 11y ago
That doesn't make sense.
The world often doesn't.
Further up the thread is the citation that the thing you insist can't happen... is happening. Might be time to adjust your economic theories.
- thaumaturgy 11y agoIt's a peculiar thing I've noticed on HN and a few other places where people with slightly-better-than-average understandings of economics tend to congregate: > I have a model of economics which makes sense to me > Here is a case in the real world that breaks my model > The real world must be wrong. It makes economics resemble religious ideology rather than an attempt to understand and predict real-world behaviors.
- animefan 11y agoI've answered similar criticisms elsewhere in this thread, feel free to respond to them directly. I have a PhD in economics, so hopefully more than a "slightly-better-than-average" understanding of economics.