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Another example, this time unrelated to health&safety or corporate governance: A legislature should be able to express their intention to apply financial stimu
by CameronNemo 6y ago
Another example, this time unrelated to health&safety or corporate governance:
A legislature should be able to express their intention to apply financial stimulus according to some expression that takes macroeconomic and/or quality of life metrics as input.
- tsimionescu 6y agoMacroeconomics is not a science, it is a mathematical model tangentially related to reality in a fuzzy way (if at all). Quality of life is not rigorously measurable.
- CameronNemo 6y agoGovernments have and will continue to tie financial stimulus to financial indicators.
- tsimionescu 6y agoGovernments tie their stimulus to political beliefs, and they usually choose various financial indicators that reenforce those beliefs. This government is targeting some unemployment number, that argument cares about debt, some other government is more concerned with the stock market etc. Some claim that this measure was good for workers because it lowered unemployment, other will claim that it was bad for workers because it increased underemployment. You choose which to believe, but you won't find a formal definition.