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Fantastic analogy. Most of economics, especially macroeconomics, is quackery and neoliberal political agendas masqueraded by complex equations and mathematical
by RealityNow 9y ago
Fantastic analogy. Most of economics, especially macroeconomics, is quackery and neoliberal political agendas masqueraded by complex equations and mathematical models divorced from reality. The fact that only a handful of economists saw the recent economic depression is extremely telling. The data is often so aggregated that a lot of the broad conclusions are practically useless. The obsession over maximizing faulty metrics like GDP and the U-3 unemployment rate is ludicrous.