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I have a degree in economics, I'm aware of the concepts being discussed. Consensus changes. Right now many neoliberal market-fundamentalist theories are not ho
by CPLX 7y ago
I have a degree in economics, I'm aware of the concepts being discussed.
Consensus changes. Right now many neoliberal market-fundamentalist theories are not holding up well in the context of history.
Several things that are taken as gospel by economists, such as free trade is always good, or that low unemployment is too dangerous because it causes inflation, appear now in retrospect to have caused a lot of misery for the middle and lower classes.
- chimeracoder 7y ago> I have a degree in economics, So do I. > Consensus changes. Sometimes, it does. In this case, it hasn't. The consensus on this topic is strong.