> The problem with economic theory is that it assumes people are rational. No, it doesn't. [0] > There is absolutely zero historic record to support that. Ye

> The problem with economic theory is that it assumes people are rational. No, it doesn't. [0] > There is absolutely zero historic record to support that. Yes, there is. [1] > Until economics embraces reality it's foolish for the rest of us to hold a false god so high. Sorry to be kinda blunt here, but I'd like to appeal to you to try to maintain a higher standard of discourse on HN. [0]: https://en.wikipedia.org/wiki/Behavioral_economics https://en.wikipedia.org/wiki/Behavioral_economics [1]: https://en.wikipedia.org/wiki/New_Keynesian_economics https://en.wikipedia.org/wiki/New_Keynesian_economics