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One of the problems with the nature of macroeconomic / statistical thinking is it removes any humanity from the decision, because we focus on just numbers. Anyt
by Clubber 7y ago
One of the problems with the nature of macroeconomic / statistical thinking is it removes any humanity from the decision, because we focus on just numbers. Anytime we discuss policy as citizens, we really need to keep in mind that every 1 in a number represents an actual individual which an actual family and life and life experiences.
An example is raising the social security age from 65 to 67. How many lives did that simple change affect? What repercussions did that have on that individual's family? We don't really think about it, we just think about it's effects on the bottom line.
"One death is a tragedy; a million is a statistic" -Joseph Stalin (1879-1953).