Nah. I agree with Paul Romer and think the world's dumbest idea was devaluing the need for empirical evidence in economics by ignoring identifiability[1]. Wit

Nah. I agree with Paul Romer and think the world's dumbest idea was devaluing the need for empirical evidence in economics by ignoring identifiability[1]. Without that, the whole of economics becomes unhinged from reality and devolves into ideology. One can't even properly ask or answer the question "Is maximizing shareholder value good for the economy?" if the methods of such an inquiry ignore empirical evidence. [1]https://paulromer.net/the-trouble-with-macro/WP-Trouble.pdf https://paulromer.net/the-trouble-with-macro/WP-Trouble.pdf