Definitions and stated assumptions are huge. This is why macroeconomic arguments on HN tend to devolve to claims of "strawman" this "red herring" that, often en

Definitions and stated assumptions are huge. This is why macroeconomic arguments on HN tend to devolve to claims of "strawman" this "red herring" that, often ending in outright hostility and vitriol when the two combatants might agree with each other if the argument were framed properly.