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>> focusing too much on ideological purity re: economics I hate how people take Economic theories as some irrefutable fact even though they're all proven wrong
by baja_blast 6y ago
>> focusing too much on ideological purity re: economics
I hate how people take Economic theories as some irrefutable fact even though they're all proven wrong in the real world. I mean look at any economic study or forecasting from any of the major firms and the one thing that they're consistent on is being wrong.
I swear Economists are just like modern day shamans/seers, filling the role that was once held by court wizards. While modern economists may not cut the heads off chickens or consult the stars they do have bogus "models" and secretive proprietary forecasting tools they use to fool idiots into thinking they have special insights. And this is very dangerous too since Economists tend to be very dogmatic, stubborn and seem to double down even when their theories fail, it's like a religion, and they refuse to ever admit their world view is wrong.
- 0xdde 6y ago> it's like a religion The parallels run pretty deep. Smith's "invisible hand" most likely referred to the hand of God, but I guess these days blind faith in that concept somehow qualifies as secular and scientific.
- powerapple 6y agoOkay, I have to throw out my naive theory here: I believe economy is actually function as religion for governing a modern society. Religion has been keeping society work, stay stable, and find purpose for citizens in history; modern economy does exactly the same, it meets our needs for fulfillment, lead people to behave in certain manner, and keep countries stable. They are vital for our society. You can tell when economy is good, everything is rosy, and people are nice, there was no polarization. It ignites our greed and then fulfils it, we feel happy and willing to follow its lead.
- blackrock 6y agoAlso, their bogus computer “models”, were generated in Microsoft Excel. And once in a while, they go: Oops, my computer made a mistake.