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We shouldn't care what economists think, only what they can prove. Evidence-based policy is what is needed.

• 2019ideas 8y ago
  >HN is very liberal >HN believes in MMT >MMT is unproven Not sure whats going to happen to your post.
• pas 8y ago
  Economists prefer models and policies based on models, based on data. Of course economic data is usually statistical in nature, so interpretation leaves a pretty wide margin for personal biases to influence model/policy selection, but that doesn't mean economics is not evidence based. Proving things is only possible withing a model. That's easy. Arguing for and finding the right model is hard.
• SamReidHughes 8y ago
  If you have a choice between A and B, and can't "prove" (what?) B is better, that doesn't mean you should choose A.
• tracker1 8y ago
  Most corporations don't pay taxes... it would be simpler to just remove the taxes as a whole and remove incentives around holding onto underutilized and unutilized capital. That would lead to either an expanding economy or payouts to those who then would be paying taxes.