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Please separate fundamental economic research with political economic decision-making. Good economic research improves tries to model real behavior. This doesn'
by eanzenberg 10y ago
Please separate fundamental economic research with political economic decision-making. Good economic research improves tries to model real behavior. This doesn't stop politicians from cherry-picking research articles to verify their sometimes incorrect worldviews.
This is analogous to complaining that climate researchers aren't rigorous because some subset of politicians claim it isn't manmade and point to some articles which support their claims.
- xg15 10y agoThen where were all the economists that raised alarm bells about the upcoming financial crisis but were silenced by ignorant politicians?
- dgellow 10y agoYou might be interested by the book (or the movie) The Big Short: https://en.m.wikipedia.org/wiki/The_Big_Short https://en.m.wikipedia.org/wiki/The_Big_Short